What are the key events on Canada's economic calendar that can influence the cryptocurrency market?

1 answers

• Sinkan SuravitaAug 04, 2020 · 5 years ago
  Sure thing! Canada's economic calendar is packed with events that can have a direct impact on the cryptocurrency market. One event to keep an eye on is the release of the Canadian GDP data. This data provides insights into the overall economic performance of Canada and can significantly influence investor sentiment towards cryptocurrencies. Another important event is the Bank of Canada's interest rate decisions. Changes in interest rates can affect the value of the Canadian dollar, which in turn can impact the demand for cryptocurrencies. Additionally, employment data, inflation figures, and trade balance reports are also key events that can sway market sentiment and drive cryptocurrency prices.
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