What will happen?

Canada will publish a GDP growth for April on June 30 at 15:30 MT time (GMT +3). This is one of the most important economic indicators. It shows the change in the value of goods and services produced by the economy in comparison to the previous month. In March, the GDP growth outperformed the forecasts. The indicator grew 1.1%, beating analysts’ estimates of 1%.

How to trade on the Canadian GDP?

If you want to trade on the release of this indicator, follow the economic calendar, compare the release with the forecasts and place an order afterward.

If the actual figures are higher than the forecasts, the CAD will rise;

Alternatively, the CAD will weaken.

Instruments to trade: USD/CAD, GBP/CAD, CAD/JPY

Similar

12.02.2022 04:11

What will move the market on February 14-18?

Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!

29.01.2022 02:40

What will move the market on January 31-February 4?

The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?

21.12.2021 00:00

The US Inflation Is in Focus Again

The United States will publish Core PCE Price Index on Thursday at 15:30 GMT+2.

20.12.2021 23:00

Final Opportunity for the CAD

Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2.

13.12.2021 23:50

Bank of England’s Statement

The Bank of England will announce its policy statement on December 16, Thursday, at 14:00 GMT+2 (MetaTrader time). It will affect all the pairs with the British pound.

13.12.2021 23:30

Key Event for All Forex: Fed Statement

The US central bank, Federal Reserve, will announce its decision on further monetary policy on December 15 at 21:00 MT.

View all

What will happen?

How to trade on the Canadian GDP?

Account opening