Canadian GDP grows less than expected

Note: This section contains information in English only.
Source: WBP Online
© Scanpix/AFP
Canada's economy continued expansion in May, yet at lower rate than economists predicted. The GDP advanced 0.2% in May, while on year -to-year basis it rose 1.6%. Analysts projected a 0.3% increase. The main drivers behind the growth was retail and wholesale industries, while resource extraction sector plummeted 1.7%. Energy sector production fell 2% in May.
Back to articles

Actual Topics

Wed, 31 Jul 2013 14:42:10 GMT

Loonie depreciates as GDP growth fails to reach forecast

The Canadian Dollar dropped after the nations released disappointing economic data on GDP growth in May, boosting speculation that the Bank of Canada will not stop monetary stimulus anytime soon. The loonie declined 0.27% to C$1.0333 per U.S. Dollar as of 8:31 a.m. Toronto time. Canada's economy expanded 0.2% in May, while analysts expected a 0.3% increase.

Wed, 31 Jul 2013 15:12:09 GMT

European equities fluctuate as investors struggle for direction

European stocks traded flat, the Stoxx Europe 600 gauge increased slightly to 299.55. Investors wait for the U.S. report on GDP growth in the second quarter, and investors seek some hints form the Federal Reserves about monetary policy plans. Markets struggled to interpret mixed data. Retail sales unexpectedly dropped in Germany, while unemployment rate fell in June, the first decline

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.