When is the Canadian GDP report and how could it affect USD/CAD? – by hareshmenghani Canada GDP EconomicIndicator USDCAD Currencies
USD/CAD: Loonie to benefit at best moderately on significant Canadian GDP data surprise – CommerzbankThe Gross Domestic Product released by Statistics Canada is a measure of the total value of all goods and services produced by Canada. The GDP is considered a broad measure of Canadian economic activity and health. Generally speaking, a rising trend has a positive effect on the CAD, while a falling trend is seen as negative for the CAD.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD: Loonie to benefit at best moderately on significant Canadian GDP data surprise – CommerzbankCanadian GDP data for Q1 is due for publication today. Economists at Commerzbank analyze how growth data could impact the Bank of Canada rate hike exp
Read more »
USD/CAD trades with losses amid US Dollar weaknessThe USD/CAD, at the time of writing, is trading at 1.3590, below its opening price by 0.15 % during the American session. Following the debt ceiling
Read more »
USD/CAD: Flat trading range set to extend – ScotiabankThe Canadian Dollar is heading into the end of the month little changed against a generally stronger USD. Economists at Scotiabank project a potential
Read more »
USD/CAD Price Analysis: At make or a break below 1.3600The USD/CAD pair is juggling in a narrow range below the round-level resistance of 1.3600 in the early Tokyo session. The Loonie asset is expected to
Read more »
USD/CAD bears making a move for fresh lowsUSD/CAD is under pressure in Asia with the CAD clawing back some recent declines, as a deal to temporarily suspend the U.S. debt ceiling boosted inves
Read more »
USD/CAD Price Analysis: Off immediate support line to snap two-day downtrend near 1.3600USD/CAD Price Analysis: Off immediate support line to snap two-day downtrend near 1.3600 USDCAD Technical Analysis ChartPatterns SwingTrading SupportResistance
Read more »