Josh Nye, senior economist at the Royal Bank of Canada, notes that the Canada’s GDP rose 0.2% in May, 0.1 ppt above consensus as goods production saw another solid increase. Key Quotes “Canadian GDP surprised to the upside for a third consecutive month in May. Growth was once again broadly-based with most services industries recording gains (retail and wholesale being key exceptions) and goods production posting another solid increase.” “Today’s solid reading for May leaves us tracking annualized growth of nearly 3% in Q2″”above our earlier estimate and the Bank of Canada’s latest forecast. Strong growth in the last several months underscores why the BoC has maintained a neutral policy bias even as the Fed is set to lower rates, starting this afternoon.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Eurozone: Growth cools to 0.2% in Q2 – Rabobank FX Street 4 years Josh Nye, senior economist at the Royal Bank of Canada, notes that the Canada's GDP rose 0.2% in May, 0.1 ppt above consensus as goods production saw another solid increase. Key Quotes "Canadian GDP surprised to the upside for a third consecutive month in May. Growth was once again broadly-based with most services industries recording gains (retail and wholesale being key exceptions) and goods production posting another solid increase." "Today's solid reading for May leaves us tracking annualized growth of nearly 3% in Q2"”above our earlier estimate and the Bank of Canada's latest forecast. Strong growth in the last several… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
