The Statistics Canada released CAD GDP data that came out lower than expected of negative 0.1%, compare to forecasted 0.1%.
The Statistics Canada noted, "Canada's real gross domestic product (GDP) grew 0.5% in the third quarter, following a 0.7% increase in the second quarter. Final domestic demand was unchanged, constrained by falling investment, while export volumes edged up 0.2%. Strength in the mining and petroleum refining industries boosted corporate earnings. Expressed as an annualized rate, real GDP was up 2.0% in the third quarter. In comparison, real GDP in the United States grew 3.5%".
Watch The Live Cover: Click Here
| Historical Data Table: GDP m/m | Economic Calendar for 04.12.2018 | ||||||||
| Date | 02.03.2018 | 29.03.2018 | 30.08.2018 | 31.10.2018 | 30.11.2018 | 9:15 AM | UK BOE Gov Carney Speaks | ||
| Actual | 0.20% | -0.10% | 0.00% | 0.10% | -0.10% | 9:30 AM | UK Construction PMI | ||
| Forecast | 0.10% | 0.10% | 0.10% | 0.00% | 0.10% | 18:00 PM | UK MPC Member Vlieghe Speaks | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.97124 | 0.97249 | 0.13% | AUD/CAD | 60.96% | 39.04% | |||
| CAD/CHF | 0.75047 | 0.74957 | -0.12% | CAD/CHF | 53.60% | 46.40% | |||
| EUR/CAD | 1.51106 | 1.51314 | 0.14% | EUR/CAD | 41.28% | 58.72% | |||
| USD/CAD | 1.32964 | 1.33145 | 0.14% | USD/CAD | 34.58% | 65.42% | |||