- Analytics
- News and Tools
- Market News
- Canada: Soft economic end of 2019 – RBC Economics
Canada: Soft economic end of 2019 – RBC Economics
FXStreet notes that Q4/2019 GDP growth slowed to 0.3% as 'transitory' factors explain some but not all of the slowing. Early 2020 also likely to be soft, and BoC likely to cut rates, in the opinion of Nathan Janzen from RBC Economics.
“Headline GDP increased just 0.3% in Q4 2019. That was broadly in line with market expectations, and matched the Bank of Canada's last forecast.”
“Consumer spending was surprisingly solid in Q4 given earlier lackluster retail sales data, but business investment was softer than assumed and net trade was a larger drag on growth than expected.”
“There were some signs of stabilization in today's data but growing fears about the potential impact of the new coronavirus outbreak abroad, and another bout of disruptions to rail transportation from anti-pipeline protests mean growth is likely to remain weak, at least for the first half of 2020.”
“We continue to look for the Bank of Canada to cut rates at least once in the months ahead.”
© 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
