James Knightley, Chief International Economist at ING, suggests that Canada’s July GDP print (0.2% MoM) was slightly better than we expected, but they’re not expecting any surprises to the upside for August – in fact, they see a flat monthly figure. Key Quotes “This shouldn’t take the shine off things as the growth story in Canada has shown underlying momentum throughout summer, and we don’t see this changing anytime soon – we are forecasting a healthy 2.4% YoY print.” “Trading surplus won’t be enough to see gains from July Despite August posting the first trading surplus (0.526 CAD billion) since December 2016, negative data for both retail sales and wholesale trade are likely to weigh on GDP – and ironically so will manufacturing.” “The risks will be watched closely, but the chance of all of them escalating at once is very small – jeopardising growth expectations.” “For now, our growth outlook remains upbeat, with 2.6% and 2.1% average growth predicted for 2018 and 2019 respectively.” 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 EUR/GBP Technical Analysis: Bullish momentum tests a short-term ascending trend-channel resistance FX Street 4 years James Knightley, Chief International Economist at ING, suggests that Canada's July GDP print (0.2% MoM) was slightly better than we expected, but they're not expecting any surprises to the upside for August - in fact, they see a flat monthly figure. Key Quotes "This shouldn't take the shine off things as the growth story in Canada has shown underlying momentum throughout summer, and we don't see this changing anytime soon - we are forecasting a healthy 2.4% YoY print." "Trading surplus won't be enough to see gains from July Despite August posting the first trading surplus (0.526 CAD billion) since… 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.
