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GDP MoM Prel

Name: GDP MoM Prel
Creator: TipRanks

The 'GDP MoM Prel' in Canada refers to the preliminary estimate of the country's Gross Domestic Product growth on a month-over-month basis. It measures the economic activity and output of the Canadian economy, providing an early indication of economic health. This data is crucial for policymakers and investors as it influences monetary policy decisions and market expectations. A significant deviation from forecasts can lead to volatility in financial markets, impacting currency value, stock prices, and interest rates.