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USD/CAD Outlook: Canada’s GDP Disappoints, Signaling Weak Economy

Started by forex4you, Sep 02, 2022, 05:54 am

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Sep 02, 2022, 05:54 am
USD/CAD Outlook: Canada's GDP Disappoints, Signaling Weak Economy

Canadian GDP came in at 3.3% in Q2, lower than forecasts. Analysts do not expect BoC to be swayed by recent economic data. Markets expect a 75bps rate hike from BoC. Today’s USD/CAD outlook is bullish. Data released on Wednesday indicated that Canadian economic growth slowed in the second quarter and most likely fell into … Continued


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