CAD: GDP numbers expected to have risen by 0.3% - BBH

Sandeep Kanihama FXStreet Contributor

Research Team at BBH, suggests that Canada is going to report its July GDP numbers and they are expected to have risen by 0.3% after a 0.6% rise in June.

Key Quotes

“The monthly GDP readings in Q1 16 and Q2 16 have averaged zero. Industrial and raw material prices are expected to have fallen in August. The US dollar bottomed near CAD1.3050 yesterday and tested CAD1.32 in the European morning. However, the greenback's momentum appears to have stalled.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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