CAD GDP y/y comes in at 2% against 1.2% consensus
| Pair | Now | Since publish |
|---|---|---|
| USDCAD | — | — |
Canada’s Gross Domestic Product (GDP) year over year for August 2026 was reported at 2%. This figure exceeded the consensus expectation of 1.2% by 66.7%. The previous reading for this indicator was 1.7%.
Following the release, the Canadian dollar saw varied movements against major pairs over the subsequent hour. AUDCAD gained 2.5 pips, while CADCHF moved down 1.7 pips. CADJPY was up 1.8 pips, and EURCAD rose 2.1 pips. GBPCAD declined 0.6 pips, NZDCAD increased 4.7 pips, and USDCAD showed no change. These measured moves are small when compared to the typical 1-hour moves observed after past releases. For instance, the median 1-hour move for AUDCAD is 10 pips, for CADCHF it is 7 pips, for CADJPY it is 12 pips, for EURCAD it is 15 pips, for GBPCAD it is 18 pips, for NZDCAD it is 10 pips, and for USDCAD it is 16 pips.