- Analytics
- News and Tools
- Market News
- Canada: Economy geared down in the second half of 2019? – RBC
Canada: Economy geared down in the second half of 2019? – RBC
According to analysts at the Royal Bank of Canada, this week's October GDP report will provide further evidence that Canada's economy geared down in the second half of 2019.
"We are pencilling in a 0.1% monthly drop following already-subdued 0.1% gains in each of the last three months. Further softening in the manufacturing sector, and pullbacks in the wholesale and retail components are expected to have weighed on growth in October. A slow start to Q4 would lend some downside risk to both our own quarterly GDP forecast (1.4%) and the Bank of Canada's (1.3%). Falling short of the already low bar set by the BoC would represent an unwelcome end to a year in which Canada's economy has displayed a good degree of resilience against external headwinds."
© 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
