Release of the GDP index in line with forecastsDeltafx Admin 5 February 2023
Gross domestic product (GDP) measures the annual change in the inflation-adjusted value of goods and services produced by the economy. This index is the most comprehensive measure of economic activity and the primary indicator of economic health. Canada releases new GDP data on a monthly basis.
A value that is above expectations should be considered positive/bullish for CAD, while a value that is below expectations should be considered negative/bearish for CAD.
Canada’s GDP data was released on January 31st at 1:30 p.m. on January 31 and was in line with forecasts at 0.1%. In the previous period, the index had been 0.1%.
After the release of this index, which was in line with expectations, there were no particular changes in the markets.