Canada GDP m/m preview: Consensus points to slower growth
| Pair | Now | Since publish |
|---|---|---|
| USDCAD | — | — |
Canada’s Gross Domestic Product month over month data is scheduled for release on 2026-07-31 at 12:30 UTC. The market consensus anticipates a 0.2% increase, which would mark a slowdown from the previous reading of 0.5%. This economic indicator is rated as having a high impact on the Canadian dollar, as it provides a key measure of economic health and growth momentum.
Historically, this release has shown a notable impact on CAD currency pairs. Based on 148 to 150 releases measured since 2015, AUDCAD has seen a median 1-hour move of 11 pips, with top-quarter releases moving 22+ pips. CADCHF has a median 1-hour move of 8 pips, with top-quarter releases moving 16+ pips. For CADJPY, the median 1-hour move is 12 pips, with top-quarter releases moving 20+ pips. EURCAD typically experiences a median 1-hour move of 15 pips, with top-quarter releases exceeding 34+ pips. GBPCAD has a median 1-hour move of 19 pips, with top-quarter releases moving 44+ pips. NZDCAD sees a median 1-hour move of 12 pips, with top-quarter releases moving 21+ pips. USDCAD has a median 1-hour move of 16 pips, with top-quarter releases moving 30+ pips, and its direction reliability after past releases stands at 66%.
Recent releases have shown varied outcomes. The most recent print was 0.5%, surpassing a 0% forecast and leading to a -16 pip move for USDCAD. The preceding month’s actual was -0.1% against a 0% forecast, while the April 2026 release came in at 0.2%.