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Canada GDP Growth Rate QoQ
In addition to being diversified, Canada's economy is highly developed. Foreign trade accounts for approximately 45% of the country's gross domestic product (GDP), with the United States constituting by far the largest trading partner. When it comes to expenditures, household consumption is the most important component of GDP, accounting for 58% of total use. This is followed by gross fixed capital formation (22%) and government expenditure (19%). Exports of products and services account for 32% of GDP, whereas imports account for 33%, resulting in a net loss of 1% of total GDP from the trade balance. 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 |
|
|
1.3618 +50 pips |
1.3814 -246 pips |
1.35676 | |
| AUDCAD |
|
|
0.8833 -76 pips |
0.8953 -44 pips |
0.89086 | |
| CADJPY |
|
|
104.6626 -228 pips |
108.7991 -185 pips |
106.946 | |
| EURCAD |
|
|
1.5613 -322 pips |
1.5995 -60 pips |
1.59345 | |
| GBPCAD |
|
|
1.8032 -474 pips |
1.8576 -70 pips |
1.85058 | |
| NZDCAD |
|
|
0.8136 -90 pips |
0.8284 -58 pips |
0.82255 | |
| CADCHF |
|
|
0.5872 +3 pips |
0.6206 -337 pips |
0.58687 |
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 | 29 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 | 78 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 | 113 days ago
