GDP MoM (Canada)
Quick Reversal in GDP Numbers
Starts Wednesday, October 17, 2018 at 20:20
Updated Friday, September 28, 2018
The economic growth has been pretty solid in Canada since Spring. The report released in July showed that the GDP increased buy 0.5% a month but last month's report showed a steep dovish turnaround as growth fell flat to 0.0%, lower than expectations which were for a 0.1% increase. This month the Canadian economy is expected to have grown by 0.1%, but we might see another surprise so we must follow this data release. Follow the live coverage that our experienced analysts do for this event and the effect that it might have on related currencies.
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About GDP MoM (Canada)
Released monthly by Statistics Canada, Canadian GDP (MoM) is a primary metric facing economic output. It is a valuation of all goods and services produced domestically over the previous calendar month.GDP is a crucial measurement of Canada’s economic prowess. Heavily dependent upon the energy, agricultural, and services sectors, Canada is a top 20 global economic power. Short-term trends in GDP (MoM) impact the pricing of the CAD greatly. Growing GDP numbers that are adjusted for inflation are interpreted as bullish, while lagging figures are bearish.