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We expect a $0.498 movement on HG within 48 hours following the event release at 01 Mar 13:30.

Based on the last 12 GDP Growth Rate QoQ events in Canada, we expect a $0.498 movement on HG within 48 hours following the event release at 01 Mar 13:30. We expect HG to trend downwards 48 hours following the event release at 01 Mar 13:30 if the released value is > 1.6%

Historical events that allowed us to draw this conclusion

30 Nov 13:30
02 Mar 13:30
29 Nov 13:30
30 Aug 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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