Canada’s industry-level GDP surprised to the upside in May at 0.5% (TD: 0.4%, market: 0.3%), reflecting some unwind of the weather-related drag in April though growth was broadly based across 19 of 20 industries, explains the research team at TD Securities. Key Quotes “The strong May print leaves our Q2 GDP tracking at 3.1%, slightly above BoC estimates which raises the risk that the next BoC hike will be in October rather than January.” “FX: Upbeat GDP figures should reinforce consolidation in USDCAD and we remain dip buyers on a move towards 1.29.” 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/JPY Technical Analysis: Rebounds from support line. Scope for a visit to 132.00 FX Street 5 years Canada's industry-level GDP surprised to the upside in May at 0.5% (TD: 0.4%, market: 0.3%), reflecting some unwind of the weather-related drag in April though growth was broadly based across 19 of 20 industries, explains the research team at TD Securities. Key Quotes "The strong May print leaves our Q2 GDP tracking at 3.1%, slightly above BoC estimates which raises the risk that the next BoC hike will be in October rather than January." "FX: Upbeat GDP figures should reinforce consolidation in USDCAD and we remain dip buyers on a move towards 1.29." 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.
