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 |
|
|
1.3555 -127 pips |
1.3701 -19 pips |
1.36818 | |
| AUDCAD |
|
|
0.8966 -78 pips |
0.9024 +20 pips |
0.90440 | |
| CADJPY |
|
|
106.5601 -518 pips |
112.6296 -89 pips |
111.736 | |
| EURCAD |
|
|
1.4640 -86 pips |
1.4739 -13 pips |
1.47262 | |
| GBPCAD |
|
|
1.7037 -131 pips |
1.7163 +5 pips |
1.71678 | |
| NZDCAD |
|
|
0.8175 -47 pips |
0.8280 -58 pips |
0.82224 | |
| CADCHF |
|
|
0.6564 -49 pips |
0.6745 -132 pips |
0.66127 |
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 | 25 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 | 60 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 | 102 days ago
