OctaFX | OctaFX Forex Broker
Open trading account
Back

Canada: 3Q economic growth is expected to cool to 1.7% - TDS

Analysts at TDS suggest that the third quarter Canadian economic growth is expected to cool to 1.7% (q/q, annualized) on a deceleration in net trade.

Key Quotes

“Goods export volumes fell 14% on the quarter, outpacing a modest drop in imports. Consumer expenditures are expected to decelerate to 2.7%. The volatility in housing markets in the wake of Ontario's Fair Housing Plan will translate to a second quarterly contraction (-5.5%). Meanwhile we expect an uptick in business inventories, and non-residential investment (+5.8%) as firms continue a gradual reinvestment process.”

“Industry-level GDP should post a 0.1% increase in September, lending a modest handoff to Q4. Manufacturing output will benefit from a surge in gasoline production. We also look for a pickup in construction and utilities, with the latter driven by a late summer heat wave. Services look softer with retail and wholesale trade weaker on the month, though stronger housing activity should support the headline print.”

India FX Reserves, USD climbed from previous $399.53B to $400.74B

India FX Reserves, USD climbed from previous $399.53B to $400.74B
Read more Previous

SPD's Schulz: I have not given green light for another SPD/Conservative coalition

I have not given green light for another SPD/Conservative coalition, says Social Democrats (SPD) leader Martin Schulz during an interview with a Germa
Read more Next
Start livechat