By Neofytous Hadjineofytou
Today we have GDP data release from Canada! Why is it important? 2 reasons!
GDP is an important economic health and size measurement!
Since the BOC raised the interest rate recently due to high inflation level, it is important to know how it will affect the GDP! GDP is the monetary or market value of all goods and services produced in a country! For the GDP to increase or show expansion:
- Exports must outweigh imports.
- Increase in spending, creating higher demand.
- Increase in the level of investment both residential and non-residential.
With an increase on the interest rate, spending is forced to decrease, which in return it affects investments and slows down demand.
Earning season
Exxon Mobile EPS 3.4 /3.29 Revenue 95.43B/ 97.17B
Pfizer EPS 1.14/1.07 Revenue 24.3B/24.61B
McDonalds EPS 2.59/2.45 Revenue 5.93B/5.71B
UPS EPS 3.62/3.59 Revenue 27B/28.13B
AMD EPS /0.6725 Revenue /5.52B
Stay tuned to DB Investing for more free market analysis with Neo!
