2:34 PM · 29 November 2024

BREAKING: USDCAD gains after Canadian GDP report 📌

01:30 PM GMT, Canada - GDP data:

GDP: actual 0.1% MoM; forecast 0.3% MoM; previous 0.0% MoM;
GDP (Q3): actual 0.3% QoQ; previous 0.5% QoQ;
GDP Annualized (Q3): actual 1.0% QoQ; forecast 1.0% QoQ; previous 2.2% QoQ;
GDP (Q3): previous 0.91% YoY;

Canadian GDP data for Q3 shows annualized growth of 1.0%, with Q/Q growth slowing to +0.3% (vs. +0.5% prior) and the implicit price index at +0.6% (vs. +1.1% prior). September GDP rose +0.1%, below the expected +0.3%, and October's advance reading is also +0.1%. Per capita GDP declined 0.4% in Q3, marking the sixth consecutive quarterly drop.

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