Canadian GDP
Some Pre-Christmas Data
December 23, 2013
Japan was closed for the Emperor’s Birthday holiday, and other markets are winding down ahead of their closures. Today saw more data releases than any other day this week, but market action has been unremarkable. The dollar fell 0.4% against the Canadian currencies and shows a dip of 0.1% relative to the euro, Swissie, kiwi, […] More
Some Downbeat North American Data
January 31, 2012
Canadian real GDP edged 0.1% lower in November. This compares adversely with analyst forecasts of a 0.2-0.3% increase and left output in November only 0.7% above that in August expressed at an annualized rate. Over the previous three months from May to August, GDP had advanced 4.4% annualized, so a rapid deceleration of economic momentum […] More
Huge Deterioration of Canadian Growth and Current Account
August 31, 2011
Canada’s current account deficit widened 52.2% between the first and second quarters and to 3.6% of GDP from 2.4% of GDP. Net exports exerted a gargantuan 5.7 percentage point drag on GDP growth in the second quarter, as exports sank 8.3% annualized while imports advanced 10.0%. Consequently, real GDP unexpectedly contracted 0.4% annualized last quarter, […] More
Holiday Closures in the United States and Great Britain
May 30, 2011
Markets are closed today in the United States for Memorial Day and Britain for a spring bank holiday. Currency movements have been muted without the participation of all trading centers. The dollar at 14:15 GMT shows gains from Friday’s close of 0.2% against the euro and 0.1% versus sterling, the yen and Canadian dollar, but […] More
Improving Trends in Canadian GDP and U.S. Jobless Insurance Claims
March 31, 2011
Monthly Canadian GDP figures, calculated from the supply side, showed a second straight brisk rise of 0.5% in January, resulting in a three-month annualized 5.7% rate of rise compared to a 2.0% growth rate in August-October. Industrial production rose 1.3% on month and 6.9% on year in January, with factory output increasing by 2.8% on […] More
