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.
Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
---|---|---|---|---|---|---|
USDCAD |
|
|
1.3763 -198 pips |
1.3976 -15 pips |
1.39612 | |
AUDCAD |
|
|
0.9072 -27 pips |
0.9132 -33 pips |
0.90990 | |
CADJPY |
|
|
107.5348 -289 pips |
111.6984 -127 pips |
110.425 | |
EURCAD |
|
|
1.4612 -87 pips |
1.4859 -160 pips |
1.46992 | |
GBPCAD |
|
|
1.7434 -201 pips |
1.7798 -163 pips |
1.76354 | |
NZDCAD |
|
|
0.8231 +33 pips |
0.8287 -89 pips |
0.81977 | |
CADCHF |
|
|
0.6269 -55 pips |
0.6564 -240 pips |
0.63240 |