Analysts at TD Securities note that Canada’s industry level GDP surprised to the upside in July at 0.2% m/m (market: 0.1%) on strength in manufacturing and wholesale activity. Key Quotes “This leaves our tracking for Q3 growth sitting at 2.4%, well above official BoC projections. An October rate hike was already well priced heading into the data, though today’s report will add to speculation around a second hike in January.” “FX: USDCAD is sitting near fair value after the upside on GDP, leaving broader USD sentiment, global risk, and month-end flows to dictate the price action from here. The next key support level to watch is 1.2885.” 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 China’s Wang: US-China frictions ‘no cause for panic’ FX Street 4 years Analysts at TD Securities note that Canada's industry level GDP surprised to the upside in July at 0.2% m/m (market: 0.1%) on strength in manufacturing and wholesale activity. Key Quotes "This leaves our tracking for Q3 growth sitting at 2.4%, well above official BoC projections. An October rate hike was already well priced heading into the data, though today's report will add to speculation around a second hike in January." "FX: USDCAD is sitting near fair value after the upside on GDP, leaving broader USD sentiment, global risk, and month-end flows to dictate the price action from here. The next… 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.
