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.

Source:  Statistics Canada
Category:  GDP Growth Rate
Units:  Percent
Details
Impact: High
Country:
Currency: CAD
Latest Release
Previous: 0.4%
Consensus: 0.5%
Actual: 0.5%
Next Release
Date: Nov 29, 13:30
Time left: 8 days
Consensus: 0.4%

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
1.3763
-198 pips
1.3976
-15 pips
1.39612
Symbol Action Percentage Volume Positions
USDCAD Short 90% 16036.35 lots 49295
Long 10% 1782.33 lots 6525
18% of traders are currently trading USDCAD.
AUDCAD
0.9072
-27 pips
0.9132
-33 pips
0.90990
Symbol Action Percentage Volume Positions
AUDCAD Short 31% 1177.77 lots 8735
Long 69% 2592.87 lots 21426
17% of traders are currently trading AUDCAD.
CADJPY
107.5348
-289 pips
111.6984
-127 pips
110.425
Symbol Action Percentage Volume Positions
CADJPY Short 77% 253.62 lots 1284
Long 23% 75.50 lots 856
1% of traders are currently trading CADJPY.
EURCAD
1.4612
-87 pips
1.4859
-160 pips
1.46992
Symbol Action Percentage Volume Positions
EURCAD Short 25% 214.86 lots 1174
Long 75% 633.72 lots 3456
4% of traders are currently trading EURCAD.
GBPCAD
1.7434
-201 pips
1.7798
-163 pips
1.76354
Symbol Action Percentage Volume Positions
GBPCAD Short 31% 354.68 lots 1888
Long 69% 782.67 lots 3784
3% of traders are currently trading GBPCAD.
NZDCAD
0.8231
+33 pips
0.8287
-89 pips
0.81977
Symbol Action Percentage Volume Positions
NZDCAD Short 10% 372.06 lots 4818
Long 90% 3392.44 lots 14919
13% of traders are currently trading NZDCAD.
CADCHF
0.6269
-55 pips
0.6564
-240 pips
0.63240
Symbol Action Percentage Volume Positions
CADCHF Short 23% 455.93 lots 3897
Long 77% 1560.91 lots 9013
8% of traders are currently trading CADCHF.