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GDP MoM (Canada)

Growth Expected to Have Slowed to 0.1% in June

Starts Tuesday, October 1, 2019 at 12:30
Updated Tuesday, October 1, 2019
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The economic growth used to be pretty solid in Canada during Spring and Summer last year. The report released in July showed that the GDP increased by 0.5% a month, but August's report showed a steep dovish turnaround as growth fell flat to 0.0%, lower than expectations which were for a 0.1% increase. We saw some really weak inflation and retail sales numbers from Canada for August, but the GDP increased by 0.1% nonetheless.  Since last September, the economy has gone downhill as we have seen three contractions in the last four months until December. There was a jump in October, but the decline resumed in November and Canada closed last year with GDP in contraction. In January it suddenly made a reversal and the GDP jumped 0.3% higher, but it contracted by 0.1% again in February, which was revised lower to -0.2%. Although, we saw a 0.5% jump in March and in April we saw another positive reading as the GDP expanded by 0.3%. In may growth was expected to be at 0.1% but i beat expectations and came at 0.2%. For June, the economy was expected to have expanded by 0.1%, but it grew by 0.2%, as it did in July. This means that economic growth be stable? Follow us for the live coverage of this event by experienced analysts.

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About GDP MoM (Canada)
Released monthly by Statistics Canada, Canadian GDP (MoM) is a primary metric facing economic output. It is a valuation of all goods and services produced domestically over the previous calendar month.GDP is a crucial measurement of Canada’s economic prowess.  Heavily dependent upon the energy, agricultural, and services sectors, Canada is a top 20 global economic power. Short-term trends in GDP (MoM) impact the pricing of the CAD greatly. Growing GDP numbers that are adjusted for inflation are interpreted as bullish, while lagging figures are bearish.
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