National Bank of Canada’s analyst, Krishen Rangasamy point out that May’s GDP results in Canada were better than expected, with solid headline growth and broad based gains and noted that the dispersion of output gains was actually the best since 2004. Key Quotes: “Canada’s real GDP rose 0.5% in May, the biggest monthly increase since July 2016. Consensus was expecting just a +0.3% growth print.” “Of the 20 broad industrial sectors, 19 registered increases in output, the best dispersion since 2004.” “The only sector seeing a decline was utilities, although a giveback was always in the cards there after colder-than-normal temperatures had boosted the prior month’s output.” ” Sectors that were adversely affected by inclement weather the prior month such as construction, retailing, arts/recreation and accommodation/food services, all saw rebounds. “May’s output surge puts Q2 GDP on track to grow around 3% annualized (even assuming no change in June), not far from the Bank of Canada’s 2.8% estimate for the quarter.” 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 US Dollar jumps to fresh highs near 94.50 FX Street 5 years National Bank of Canada's analyst, Krishen Rangasamy point out that May's GDP results in Canada were better than expected, with solid headline growth and broad based gains and noted that the dispersion of output gains was actually the best since 2004. Key Quotes: "Canada's real GDP rose 0.5% in May, the biggest monthly increase since July 2016. Consensus was expecting just a +0.3% growth print." "Of the 20 broad industrial sectors, 19 registered increases in output, the best dispersion since 2004." "The only sector seeing a decline was utilities, although a giveback was always in the cards there after… 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.
