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GDP MoM (Canada)

Canadian Economy to Contract Again for the 2nd Time in November

Starts Thursday, January 31, 2019 at 13:30
Updated Thursday, January 31, 2019
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The economic growth used to be pretty solid in Canada during Spring and Summer. 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.  Although, the economy shrank by 0.1% in September. It turned positive again in October growing by 0.3% but today's report which is for November is expected to show another contraction of 0.1%. Follow the live coverage 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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