The GDP report from Canada for Could has been launched. The Canadian economic system contracted in March and April throughout lock-downs, but it s
The GDP report from Canada for Could has been launched. The Canadian economic system contracted in March and April throughout lock-downs, but it surely appears to have turned the tail in Could, because the nation began to reopen. Expectations had been for a 3.5% improve that month, however the GDP report beat expectations for Could, coming at 4.5%. Though, the YoY GDP figures had been nonetheless fairly destructive. USD/CAD was little modified. Beneath is the report:
- Prior was -17.1% y/y
- GDP +4.5% m/m vs a file -11.6% in April
- Items +8.0% m/m
- Companies +3.4% m/m
- Preliminary estimate of +5% in June
- Preliminary estimate of -12% in Q2 (not annualized)
- Building +17.6% m/m in Could
- Retail commerce +16.4% m/m together with +68.6% in autos
