CAD mixed after Canada GDP m/m, CADJPY leads moves

Canada’s monthly GDP (GDP m/m) landed at 12:30 UTC on 31 July 2026, and the Canadian dollar’s response was mixed across the crosses. The largest move on our feed came in CADJPY, which slipped 0.36% in the hour after the print.

Where the CAD moved

CADJPY was the standout, easing from 114.161 to 113.745, a drop of 0.36% that marked the biggest single reaction on our M15 feed.

EURCAD was next, falling 0.23% from 1.61309 to 1.60939 — a move that reflects a firmer CAD against the euro.

CADCHF ticked the other way, rising 0.21% from 0.57717 to 0.57836. GBPCAD and AUDCAD both softened by roughly 0.16%, sitting at 1.88173 and 0.98375 respectively, again pointing to a slightly stronger loonie. NZDCAD was the quietest, down just 0.09% at 0.82241.

What the reaction shows

The picture was uneven rather than one-directional. The CAD lost ground against the yen but firmed modestly against the euro, pound, Australian and New Zealand dollars, and the Swiss franc.

With the biggest move under half a percent and most crosses shifting by a fifth of a percent or less, the overall reaction was contained an hour on from the release. The yen cross carried the most weight, while the antipodean and European crosses registered only small adjustments.

Descriptive market news from the ForexBullion Research Team. Not investment advice.