- Analytics
- News and Tools
- Market News
- Canada's GDP masks sharp improvement in Canadian business investment for Q3 – TDS
Canada's GDP masks sharp improvement in Canadian business investment for Q3 – TDS
Analysts at TD Securities note that Canada's GDP growth was in line with market expectations, with the Canadian economy expanding 1.3% (annualized) in Q3 and 0.1% m/m for September. However, details were more positive with domestic demand up 3.2%.
- "Business investment was a key driver to Q3 growth which will come as a relief to the BoC, given their concern with the global outlook. We don't expect this to drive a hawkish pivot next week, but it should allow them some added comfort as they remain on the sidelines.
- Rates: Muted reaction to an in-line number, and small beat on the YoY (1.60% vs 1.40%). At the margin, this report could buy the BoC a bit more time to hold off on cutting rates, had the report been weak, that could have been a big deal."
© 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
