Analysts at National Bank Financial suggest that in Canada, the week will feature Q2 GDP on Friday and monthly readings to date hint at a strong contribution from trade, the result of surging exports in the quarter. Key Quotes “Investment in residential and non-residential structures may also add to the headline growth number based on previously released data on construction spending. Judging from retail sales data, growth in consumption could have slowed in the quarter but should still contribute to GDP thanks in part to stellar employment gains.” “All told, GDP may have expanded no less than 3.0% in annualized terms in Q2 following lackluster showings in 2018Q4 and 2019Q1 (+0.3% and +0.4%, respectively). That would leave the Canadian economy on pace for a 1.4% expansion in 2019.” “Looking at monthly data, the handoff to Q3 looks decent, with June GDP on pace to expand 0.1% on gains in the retail and wholesale sectors.” 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 CFTC Positioning Report: JPY net longs in multi-year highs FX Street 4 years Analysts at National Bank Financial suggest that in Canada, the week will feature Q2 GDP on Friday and monthly readings to date hint at a strong contribution from trade, the result of surging exports in the quarter. Key Quotes "Investment in residential and non-residential structures may also add to the headline growth number based on previously released data on construction spending. Judging from retail sales data, growth in consumption could have slowed in the quarter but should still contribute to GDP thanks in part to stellar employment gains." "All told, GDP may have expanded no less than 3.0% in annualized… 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.
