According to Krishen Rangasamy, analyst at National Bank of Canada, despite today’s soft GDP reading, Canadian real GDP remains on track to grow around 2.2% in 2018. Key Quotes: “Canada’s GDP expanded at an annualized pace of just 1.3% in the first quarter of 2018. But there were upward revisions to Q2 and Q3 of last year, pushing up slightly the growth print for 2017 as a whole to 3.05% (from 3.00%).” “The Canadian GDP results were weaker than expected. While consumption spending contributed to real GDP, its growth was the weakest in three years, likely a result of moderation in employment creation which hammered real disposable incomes during Q1. Fading housing wealth effects amidst softening home prices, may also have weighed on spending.” “The large drag from trade was due to surging imports, the latter reflecting rising business investment which is a positive for GDP and potential GDP as well. Last but not least, a decent handoff from March ─ real GDP grew 0.3% unannualized in that month ─ warrants optimism for Q2.” “All in all, Canada’s real GDP remains on track to grow about 2.2% this year, although that assumes employment and consumption spending growth bounce back.” 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 Bitcoin Cash technical analysis: BCH/USD fails to firmly progress through $1000 territory, due to lingering strong sell zone FX Street 5 years According to Krishen Rangasamy, analyst at National Bank of Canada, despite today's soft GDP reading, Canadian real GDP remains on track to grow around 2.2% in 2018. Key Quotes: "Canada's GDP expanded at an annualized pace of just 1.3% in the first quarter of 2018. But there were upward revisions to Q2 and Q3 of last year, pushing up slightly the growth print for 2017 as a whole to 3.05% (from 3.00%)." "The Canadian GDP results were weaker than expected. While consumption spending contributed to real GDP, its growth was the weakest in three years, likely a result of moderation… 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.
