FXStreet (Delhi) – Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities, expects the Canadian industry-level real GDP is forecast to decelerate to +0.2% (mkt +0.1%, range flat to +0.4%).
Key Quotes
“We expect to see a further rebound in the extraction sector while momentum in retail volumes will help to offset a softer month in the wholesale and manufacturing sector.”
“For the quarter as a whole, we continue to see annualized real GDP growth tracking around 2.5% though some models are pointing to an even faster rate of growth. Recall the Bank of Canada revised its Q3 forecast to 2.5% in its October MPR released last week.”
For more information, read our latest forex news.
No comments:
Post a Comment