CANADA ECO PREVIEW: 2Q GDP Due in 5 Minutes
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Canadian 2Q GDP seen at -1.5% vs +2.4% in 1Q (forecast range -0.4% to -2%); GDP measures final market value of all goods, services produced within country.
Alert: HALISTER1- “What was already shaping up to be a weak quarter was made worse by May’s wildfires in Alberta and nearly all details of the report are likely to be soft": TD Securities
- Canadian GDP m/m seen at +0.4% in June vs -0.6% in May (forecast range +0.1% to +0.8%)
- NOTE: Analysis by Bloomberg strategist Vincent Cignarella: Canada 2Q GDP Could Miss BOC Forecasts, Weigh on CAD
Source: BFW (Bloomberg First Word)
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UUID: 7947283