Canadian GDP (M/M)

Release Time: 08:30 New York time (EST)
Primary currency pair: USD/CAD
Forecast: 0.1
Prior: 0.1
LT1 (Lower Trigger 1): -0.2 [BUY]
UT1 (Upper Trigger 1): +0.2 [SELL]
Safety: 1

NOTICE: Typically Canadian reports are released much earlier on SNW Enterprise than on SNW Elite or Pro. The time difference can be somewhere between 300 ms to over 1 sec (1000 ms). For that reason, I don't recommend trading this report if you are not SNW Enterprise subscriber.

If it comes at -0.1 or less ( -0.2 trigger), USD/CAD should go up by about 30 pips. If it comes out at +0.3 or better ( +0.2 trigger), USD/CAD should go down by about 30 pips.

Based on 19 estimates, the median estimate is 0.1%, and the average estimate is 0.10%. The highest estimate is 0.3% (one vote), then 0.2% (five votes), 0.1% (seven votes), 0.0% (five votes) and then the lowest estimate is -0.2% (one estimate). One standard deviation is +/- 0.11%, about the same as last month.

This month we will also have CA GDP Annualized (Q/Q) so watch out for possible conflicts there.

For the best results, please visit our Forex economic calendar with historic charts to check how it performed in the past.