Canada’s GDP shrank by -0.1% mom in April, missing expectations of a flat print. Weakness was concentrated in goods-producing sectors, which fell -0.6% mom. Services sector offered a mild offset with a 0.1% mom gain. Just 10 of 20 industrial sectors posted growth, suggesting a broad-based soft patch. Looking ahead, preliminary data indicates another -0.1% […]
The post Canada’s GDP contracts -0.1% mom in April, early data points to May decline appeared first on Action Forex.
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