According to analysts at TD Securities, Canada’s industry-level GDP growth is projected to slow to 0.2% m/m in May after a robust performance over the last two months. Key Quotes “Goods-producing industries will provide the main source of strength on a rebound in manufacturing output and sustained strength in construction activity, while the energy sector should make a muted contribution after leading industry-level growth for March and April.” “On the other end of the spectrum, lower retail and wholesale volumes point to a material drag on services while the moderation in existing home sales will leave one less driver for growth. Industry-level GDP growth of 0.2% should be sufficient to keep Q2 GDP tracking near 3%, above estimates from the July MPR (2.3%). However, this alone is not enough to outweigh elevated global uncertainty, leaving the BoC in wait-and-see mode.” 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 BoE: Interest rates unlikely to change this year – ING FX Street 4 years According to analysts at TD Securities, Canada's industry-level GDP growth is projected to slow to 0.2% m/m in May after a robust performance over the last two months. Key Quotes "Goods-producing industries will provide the main source of strength on a rebound in manufacturing output and sustained strength in construction activity, while the energy sector should make a muted contribution after leading industry-level growth for March and April." "On the other end of the spectrum, lower retail and wholesale volumes point to a material drag on services while the moderation in existing home sales will leave one less driver for… 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.
