GDP Growth Annualized in Canada decreased to -1.10 % in the second quarter of 2021 from 5.50 % in the first quarter of 2021. On the monthly basis the economy expanded 0.7% MoM in June, against a decline of 0.3% MoM in May and in line with market expectations. In quarterly terms, the economy shrinks by 0.4% q / q against the previous increase of 1.4% q / q. In the 3 months to June, increases in investment in business inventories, government expenditure, business investment in machinery and equipment, and investment in new home construction and renovation were not sufficient to offset the declines in exports (-4%) and home ownership transfer costs (-17.7%), which include all costs associated with the transfer of a residential asset from one owner to another. Imports were flat.
USDCAD bounced off 1.2575 support after today's data release and is heading towards 50 SMA (green line) which coincides with downward trendline. Source:xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
