Date
GMT+01:00
Event Value
Jul, 30 13:30
★★★
Gross Domestic Product
Gross Domestic Product
Country:
Date: Jul, 30 13:30
Importance: High
Previous: -0.3% m/m; 20.0% y/y
Forecast: -0.3%
Actual: -
Period: May

A comprehensive measure of Canada's overall production and consumption of goods and services. GDP is a significant report in FX Market, serving as one of the primary indicators of a country's overall economic health.

Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may prompt monetary authorities to increase interest rates. Thus positive GDP readings are generally bullish for the Canadian Dollar, while negative readings are generally bearish.

Most production reports that lead to Canadian GDP are released before the official GDP number. Therefore, actual GDP figures usually confirm expectations. However, an unexpected release can move markets due to the significance of the figure.

Technically, Gross Domestic Product is calculated in the following way:

GDP = C + I + G + (EX - IM)

where
C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services

The headline figures for GDP are the percentage growth rate from the previous quarter and the annualized percentage change in GDP. Prices used are benchmarked to 1997 prices.

-0.3% m/m; 20.0% y/y
Jul, 30 13:30
Industrial Product Price Index
Industrial Product Price Index
Country:
Date: Jul, 30 13:30
Importance: Low
Previous: 2.7%
Forecast: -0.5%
Actual: -
Period: Jun

Industrial Product Price Index released by the Statistics Canada measures price changes for major commodities sold by Canadian manufactures. Changes in the IPP index are widely followed as an indicator of commodity inflation.

2.7%
Jul, 30 13:30
Raw Materials Price Index
Raw Materials Price Index
Country:
Date: Jul, 30 13:30
Importance: Low
Previous: 3.2%
Forecast: 1.5%
Actual: -
Period: Jun

Measures the prices paid by Canadian manufacturers for key raw materials, including resources not produced in Canada. Also known as the Producer Price Index, the RMPI is an early measure of inflation. Although producers may not pass on changes in raw material prices to consumers immediately, the index will record these cost pressures before they reach the end consumer and affect inflation rates. The headline figure is the percentage change in the price index from the previous month and year.

The index includes prices for raw materials like mineral fuels, vegetable products, animal and animal products, wood, ferrous materials, non-ferrous metals, and non-metallic minerals.
 

3.2%
Jul, 30 13:30
★★
PCE Core
PCE Core
Country:
Date: Jul, 30 13:30
Importance: Medium
Previous: 0.5% m/m; 3.4% y/y
Forecast: 0.6%; 3.7%
Actual: -
Period: Jun

Comprehensive measure of how much consumers spend each month, counting expenditures on durable goods, consumer products, and services. Personal Consumption is a comprehensive measure of GDP; consequently the figure is watched as an indicator for economic trends. Spending also has direct affect on inflationary pressures.

A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.

On the other hand, persistently low Personal Spending may result in decreasing levels of output and an economic downturn.

Because income is either spent or saved, Personal Spending (when reported as a percent of income rather than the headline percent change) has an inverse relationship to personal saving. Economists watch the growth of Personal Spending in relation to income and saving to determine if consumers are living beyond their means, which would influence levels of borrowing and future consumption.

The PCE figure is released in headlines as a percent change from the previous month.

Core Personal Consumption Expenditure
Volatile items like food and energy can fluctuate widely due to seasonal and non-systemic factors. In order to provide a less erratic picture of Personal Consumption, food and energy items are excluded in the PCE core report.

The headline figure of PCE is expressed in percentage change in spending for the quarter.

Note: The Personal Consumption Expenditure figure is reported with the Personal Income and Outlays figure.

0.5% m/m; 3.4% y/y
Jul, 30 13:30
★★
Personal Spending
Personal Spending
Country:
Date: Jul, 30 13:30
Importance: Medium
Previous: 0.0%
Forecast: 0.7%
Actual: -
Period: Jun

Comprehensive measure of how much consumers spend each month, counting expenditures on durable goods, consumer products, and services. Personal Consumption is a comprehensive measure of GDP; consequently the figure is watched as an indicator for economic trends. Spending also has direct affect on inflationary pressures.

A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.

On the other hand, persistently low Personal Spending may result in decreasing levels of output and an economic downturn.

Because income is either spent or saved, Personal Spending (when reported as a percent of income rather than the headline percent change) has an inverse relationship to personal saving. Economists watch the growth of Personal Spending in relation to income and saving to determine if consumers are living beyond their means, which would influence levels of borrowing and future consumption.

The PCE figure is released in headlines as a percent change from the previous month.

0.0%
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