- Analytics
- News and Tools
- Market News
- Canada's GDP growth likely to moderate to 0.3% in April - TDS
Canada's GDP growth likely to moderate to 0.3% in April - TDS
TD Securities analysts are expecting Canada’s monthly GDP growth to moderate to 0.3% in April on the heels of a 0.5% gain the prior month.
- “We had originally called for 0.2% growth in April but were forced to revise our forecast after a significant upside surprise on April wholesale sales.
- Goods-producing industries should drive the headline print, reflecting further gains to energy output and strong residential construction, which will offset a modest drag from manufacturing, owing to a one-off decline in auto production.
- Elsewhere, services will benefit from a rebound in real estate activity and strong wholesale sales, although soft retail sales will weigh on the sector. A 0.3% headline print should provide some comfort to policymakers concerned over global headwinds, and keep Q2 GDP tracking well above the Bank of Canada's 1.3% projection from April.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
