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Canada Q2 GDP -0.2% vs +1.2% expected
Q1 was +3.1% (revised to +2.6%)Q/Q not annualized 0.0% vs +0.8% prior (revised to +0.6%)GDP + vs +2.21% y/y in Q1Implicit price +0.7% q/q vs +0.2% priorExports +0.1% vs +2.4% prior Imports +0.5% vs +0.2% priorHousehold spending on goods +0.1% vs +1.5% priorOn services 0.0% vs +1.3% prior (revised to +1.1%)June monthly GDP -0.2% vs -0.2% expectedJuly advance GDP 0.0%This is a big downgrade for Canadian growth and raises the possibility of a recession before year end. I've long argued that the las...
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Posted: Sep 1 2023, 12:30
Author Name: forexlive
Views: 112511
