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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Flash GDP Forecast held to -9 in January 2020
FMPQuarterlyReleased April 2020
Canada Flash GDP Forecast held to -9 in January 2020, released April 2020.
Latest Release
-9.000000
Actual
—
Consensus
—
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Flash GDP Forecast (Canada) was reported at -9.00 in April 2020.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
Auto-generated from current model state · Refreshes on each release · Last update April 2020.
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Flash GDP Forecast - CA
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About Flash GDP Forecast — Canada
DEFINITION
Flash GDP Forecast is a leading economic indicator that provides an early estimate of a country's gross domestic product (GDP) growth. It is based on a combination of real-time data and economic trends, allowing for a quick and accurate prediction of the overall health of an economy. This indicator is used by financial analysts, policymakers, and investors to make informed decisions and anticipate potential changes in the market. Its timely and reliable nature makes it a valuable tool for assessing the current and future state of a country's economy.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2020): actual -9. Prior reading (Mar 2020): -9.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary neutral force in the projection. This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
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