According to National Bank of Canada’s analyst, Matthieu Arseneau, today’s GDP does not change the perspective that growth should moderate in the third quarter. Key Quotes: “Canada’s real GDP rose 0.2% in July. This was better than consensus expectations of a +0.1% growth print. Of the 20 broad industrial sectors, 12 registered increases in output.” “July’s GDP results were better than expected by consensus. Goods-producing industries posted a strong rise of 0.3% as the utilities sector benefited from higherthan-usual temperatures recorded in the month.” “In a context of trade uncertainty, it’s reassuring to see the manufacturing sector registering a 1.2% rise in July, following a 0.8% jump in the prior month.” “Services continued to be a stable source of growth, registering a 6th consecutive monthly advance in July.” “All in all, this morning’s report do not change our view that GDP growth should moderate around 2.0% annualized in Q3, following a 2.9% print in Q2.” 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 USD/JPY rises above 113.50 as Wall Street pares early losses FX Street 4 years According to National Bank of Canada's analyst, Matthieu Arseneau, today's GDP does not change the perspective that growth should moderate in the third quarter. Key Quotes: "Canada's real GDP rose 0.2% in July. This was better than consensus expectations of a +0.1% growth print. Of the 20 broad industrial sectors, 12 registered increases in output." "July's GDP results were better than expected by consensus. Goods-producing industries posted a strong rise of 0.3% as the utilities sector benefited from higherthan-usual temperatures recorded in the month." "In a context of trade uncertainty, it's reassuring to see the manufacturing sector registering a… 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.
