In view of analysts at TD Securities, all eyes will be on Q4 national accounts of Canada for today’s session, where they are looking for GDP growth to slip to 0.9% q/q (saar) on soft household consumption and residential investment, offset by a rebound in non-residential investment.
Key Quotes
“The latter should allow policymakers to look through the soft headline print, although an expected flat print on industry-level GDP for December (TD/market: unch) will provide a muted handoff to Q1 growth. Markit Manufacturing PMI for January will be published shortly after GDP at 9:30 ET.”
Share
