Analysts at TD securities are looking for a flat print on Canada’s industry level GDP for August (market: 0.0%) on weakness in the goods sector after a sharp pullback in residential construction and a decline in manufacturing activity.
Key Quotes
“Energy production will offer a slight offset as output normalizes from a shutdown while services should see a modest increase.”
“In the afternoon we will hear from senior BoC officials on their second day of Parliamentary testimony; Poloz and Wilkins will testify to the Senate Banking Committee at 16:15 ET.”
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