Friday, October 30, 2015

CAD: Canadian industry level real-GDP forecasted to decelerate - TDS

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.”
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