For the , on Thursday 30th August shows the Canada gross domestic product(GDP) which is the annualised change in the inflation-adjusted value of all goods and services produced by the Canadian economy. It is the broadest measure of economic activity and the primary indicator of the economy's health. Canada releases fresh GDP data on a monthly basis. The previous forecast was 0.1% and the predicted forecast is 0.3%. If the reading is stronger than forecast can show that it is for the CAD, while a weaker than forecast reading is for the CAD.
To conclude, I would go long on this pair as all my signals from the show me that price can go up, I don't worry to much on the news as my risk management allows me to lose small or win big as my risk to reward ratio is 1:2 or higher.