Date
GMT+01:00
Event Previous Forecast Actual
Apr, 30 13:30
★★★
Gross Domestic Product
Gross Domestic Product
Country:
Date: Apr, 30 13:30
Importance: High
Previous: 0.6%; 0.9%
Forecast: 0.3%
Actual: -
Period: Feb

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.

0.6%; 0.9% 0.3% -
Apr, 30 13:30
Employment Cost Index
Employment Cost Index
Country:
Date: Apr, 30 13:30
Importance: Low
Previous: 0.9%
Forecast: 1.0%
Actual: -
Period: 1 quarter

The Employment Cost Index includes the wages and unemployment compensations.

0.9% 1.0% -
Apr, 30 14:00
House Price Index
House Price Index
Country:
Date: Apr, 30 14:00
Importance: Low
Previous: -0.1%
Forecast: 0.1%
Actual: -
Period: Feb

A resumptive index of house prices reflecting prices for new constructions and resale real estate markets. As all indices connected with the construction industry it can be seasonally adjusted.

-0.1% 0.1% -
Apr, 30 14:45
Chicago Purchasing Managers Index
Chicago Purchasing Managers Index
Country:
Date: Apr, 30 14:45
Importance: Low
Previous: 41.4
Forecast: 44.9
Actual: -
Period: Apr

Monthly measure of the business conditions based on surveys of purchasing managers across Illinois, Indiana and Michigan. Released on the last business day of the reporting month, the report's significance has recently declined, with its only significance being that it precedes the more anticipated ISM report. Subsequently, it is used to predict the ISM report as the Chicago survey retains a high correlation with the broader economic release.

Referring to a benchmark of 50, the report is considered to reflect expansion when printing a reading of 50 or higher. Conversely, a reading of 49 and lower would be indicative of contraction.

41.4 44.9 -
Apr, 30 15:00
★★★
Consumer Confidence
Consumer Confidence
Country:
Date: Apr, 30 15:00
Importance: High
Previous: 104.7
Forecast: 104.0
Actual: -
Period: Apr

Assessment of consumer sentiment regarding business conditions, employment and personal income. Based on a representative sample of thousands of mail-in surveys, the Conference Board index has the largest pooling sample of any US measure of consumer confidence. Consumer Confidence levels are generally linked with consumer spending. For instance, when consumer confidence is on the rise consumer spending tends to increase. Low or falling consumer confidence on the other hand is typically associated with decreased spending and consumer demand.

Some analysts criticize the Consumer Confidence figure for its volatile tendencies and weak connection to household expenditure, turning instead to the University of Michigan Consumer Confidence numbers. The volatility of the Consumer Confidence figure is attributed to two factors: its pooling size and the survey time frame focus. The Conference Board surveys an entirely new group of people each month, resulting in more erratic month to month figures. Additionally, the survey queries respondents on expectations for the following six months, a relatively short term evaluation. Conversely, the University of Michigan survey will re-poll many individuals and focuses on expectations for the next one to five years. The long term focus has a stabilizing effect on consumer confidence.

Survey results are printed in the headlines where 100 reflects a recent base year.

104.7 104.0 -