At 14:30 (GMT+2), Canada will release its gross domestic product (GDP) data for July. It is the main indicator that reflects the state of the national economy and takes into account domestic consumption, investment, government spending and exports. The national economy is expected to expand by 0.1% in July, after contracting by –0.1% the previous month. If the forecast proves to be true, this may render support to the Canadian dollar.
