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27 Mar 2015
Canadian GDP might see a decline – TDS
FXStreet (Barcelona) - The TD Securities Team forecasts Canada’s January GDP (31st March) to register a 0.3% mom decline, with risks tilted for a softer outcome.
Key Quotes
“Monthly GDP is expected to be on the weak side as the oil shock begins to rear its ugly head in January. We are forecasting a 0.3% m/m decline in Jan but see a risk for an even weaker print as data from manufacturing, wholesale, retail, and existing home sales was universally weak.”
“If realized, this would place significant downward pressure on our Q1 GDP tracking into contractionary territory.”
Key Quotes
“Monthly GDP is expected to be on the weak side as the oil shock begins to rear its ugly head in January. We are forecasting a 0.3% m/m decline in Jan but see a risk for an even weaker print as data from manufacturing, wholesale, retail, and existing home sales was universally weak.”
“If realized, this would place significant downward pressure on our Q1 GDP tracking into contractionary territory.”