Canada: Expect no change in GDP numbers - TDS

Analysts at TD Securities are looking for an unchanged print on Canada’s industry-level GDP for July (market: 0.1%) due to shutdowns in the energy industry that will exert a sizeable drag on growth.

Key Quotes

“This will leave services to drive activity while energy output should recover in the coming months. Factory prices for August will be released alongside GDP where the market looks for a 0.4% decline.”