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 |
|
|
1.3564 -117 pips |
1.3715 -34 pips |
1.36811 | |
| AUDCAD |
|
|
0.8976 -69 pips |
0.9036 +9 pips |
0.90454 | |
| CADJPY |
|
|
112.2027 -158 pips |
113.2438 +54 pips |
113.783 | |
| EURCAD |
|
|
1.4674 -80 pips |
1.4761 -7 pips |
1.47541 | |
| GBPCAD |
|
|
1.7015 -130 pips |
1.7155 -10 pips |
1.71449 | |
| NZDCAD |
|
|
0.8192 -41 pips |
0.8275 -42 pips |
0.82327 | |
| CADCHF |
|
|
0.6572 -49 pips |
0.6736 -115 pips |
0.66206 |
News (CAD)
Bank Of Canada Leaves Rates Unchanged As Inflation Remains 'Too High'
The Bank of Canada announced its widely expected decision to once again leave interest rates unchanged on Wednesday, saying inflation is still "too high." The Canadian central bank held its target for the overnight rate at 5.0 percent, with the bank rate at 5.25 percent and the deposit rate at 5.0 percent.
RTTNews | 29 days ago
Bank Of Canada Leaves Rates Unchanged Amid Ongoing Inflation Concerns
In a widely expected move, the Bank of Canada on Wednesday announced that it has once again decided to leave interest rates unchanged. The decision to leave rates unchanged came as the Bank of Canada said its Governing Council is still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation.
RTTNews | 64 days ago
Bank Of Canada Leaves Rates Unchanged, Still Concerned About Inflation Outlook
Citing the outlook for the economy and inflation, the Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged. The decision to leave rates unchanged comes as the Bank of Canada said its Governing Council is "still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation."
RTTNews | 106 days ago
