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Canada GDP Growth Rate Annualized
If the rate of change from quarter to quarter were maintained for an entire year, the GDP Annualized Growth Rate would represent the increase in GDP. Domestic consumption, which accounts for 58% of total GDP use, is the most important component of GDP, followed by gross fixed capital formation (22%) and government expenditure (19%). 32% of the GDP goes for exports of products and services, while imports account for 33%, resulting in a 1% reduction in overall GDP. The remaining 2% is accounted for by non-profit organizations that provide services to households' final consumption spend and investment in inventory.
A higher than expected figure should be seen as positive (bullish) for the CAD while a lower than expected figure should be seen as negative (bearish) for the CAD.
Forex Sentiment (CAD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDCAD |
|
|
1.3609 +6 pips |
1.3839 -236 pips |
1.36033 | |
| AUDCAD |
|
|
0.8829 -82 pips |
0.8949 -38 pips |
0.89112 | |
| CADJPY |
|
|
103.8934 -232 pips |
107.9108 -170 pips |
106.210 | |
| EURCAD |
|
|
1.5682 -340 pips |
1.5974 +48 pips |
1.60221 | |
| GBPCAD |
|
|
1.8164 -409 pips |
1.8596 -23 pips |
1.85726 | |
| NZDCAD |
|
|
0.8141 -95 pips |
0.8288 -52 pips |
0.82359 | |
| CADCHF |
|
|
0.5884 +51 pips |
0.6194 -361 pips |
0.58327 |
News (CAD)
Bank Of Canada Once Again Leaves Interest Rates Unchanged
The Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged for the second consecutive meeting. The Canadian central bank said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
RTTNews | 30 days ago
Bank Of Canada Leaves Interest Rates Unchanged Amid Tariff Uncertainty
Following a series of interest rate cuts over the past several months, the Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged. The Bank of Canada said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
RTTNews | 79 days ago
Bank Of Canada Cuts Interest Rates By Another 25 Basis Points
With inflation close to the 2 percent target, the Bank of Canada on Wednesday announced its widely expected decision to lower interest rates by another 25 basis points, making its seventh straight rate cut. The Bank of Canada said it decided to reduce its target for the overnight rate to 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
RTTNews | 115 days ago
