RSS Canadian GDP Up in October, But Momentum Faded in November

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 RSS Canadian GDP Up in October, But Momentum Faded in November

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The Bottom Line: Today’s GDP report shows Canadian economic growth accelerated in October from September; however, the early estimate points to a contraction (-0.1%) in November, consistent with preliminary reports showing softer wholesale sales, declining manufacturing volumes, and flat retail sales. The Bank of Canada’s December messaging pointed to a more gradual approach on rate […]

The post Canadian GDP Up in October, But Momentum Faded in November appeared first on Action Forex.
 
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