Read more
1:33 PM · 28 February 2023

BREAKING: CAD weakens after disappointing GDP data

-
-
Open account Download free app

The Canadian economy stagnated at0.0% in latest quarter, following a 0.7% growth in Q3. 

On an annualized basis the economy decreased to 0.0% on quarter in Q4 2022, well below market forecasts of 1.5% expansion. Slower inventory accumulations along with declines in business investment in machinery and equipment and housing offset higher household and government spending and improved net trade.

Today's figures minimize the chances for the rate increase from BOC next week, although it is worth remembering that the bank already hinted that it will pause the tightening cycle next month. On the other hand, the data from January and February were rather encouraging, but most likely will not be insufficient to change the BOC approach. In addition, according to recent speculation, the Fed would raise rates up to 6% (BofA).

Latest figures put an end to five consecutive quarters of growth. Source: Statistics Canada

USDCAD bounced off  long-term upward trendline after today's GDP data releases and may be heading towards next resistance level at 1.3610. Source:xStation5  

 

10 February 2026, 1:31 PM

BREAKING: US RETAIL SALES BELOW EXPECTATIONS

10 February 2026, 8:50 AM

Economic calendar: Indices and EURUSD await US retail sales report

10 February 2026, 6:54 AM

Morning wrap (10.02.2026)

9 February 2026, 1:47 PM

Market wrap: Novo Nordisk jumps more than 7% 🚀

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits