According to analysts at Royal Bank of Canada, ongoing trade concerns should continue to take the shine off of what otherwise has looked like relatively solid economic data. Key Quotes “The end-of-month Q2 GDP report should confirm the economy performed reasonably well in the second quarter. Data to-date supports our forecast that GDP growth rebounded in Q2. We are looking for a 3% gain, a marked improvement following subpar growth of less than half a percent in each of the two prior quarters.” “A big chunk of the rebound in Q2 came from the oil & gas sector as earlier stresses (low global oil price benchmarks, wide Canadian price spreads, and mandated Alberta production cuts) eased. Activity outside of oil & gas production also picked up.” “Residential investment probably increased for the first time in six quarters with housing markets finding a near-term bottom in the spring. But business investment will still be a soft spot in Q2 with trade uncertainty dampening sentiment. And a big export-led surge in the often-volatile net trade balance will bump up the growth rate in the quarter but clearly looks unlikely to be repeated given rising global trade tensions.” 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 Wall Street rebounds sharply following Friday’s sell-off FX Street 4 years According to analysts at Royal Bank of Canada, ongoing trade concerns should continue to take the shine off of what otherwise has looked like relatively solid economic data. Key Quotes "The end-of-month Q2 GDP report should confirm the economy performed reasonably well in the second quarter. Data to-date supports our forecast that GDP growth rebounded in Q2. We are looking for a 3% gain, a marked improvement following subpar growth of less than half a percent in each of the two prior quarters." "A big chunk of the rebound in Q2 came from the oil & gas sector as earlier… 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.