Canadian GDP MoM (Jan) M/M 0.1 vs. Exp. 0 (Prev. 0.2, Low. -0.1, High. 0)
Canada's GDP growth came in at 0.1% for January, exceeding expectations of zero growth and slightly lower than the previous month's 0.2%.
USTR Greer, on China, says focused on preparing for the leaders' meeting; sees stability with China over the next year.
USTR Greer, on the Strait of Hormuz, says the US is insulated from supply chain effects; US is monitoring global effects; Hormuz did not come up in conversations with China
Canadian GDP MoM (Jan) M/M 0.1 vs. Exp. 0 (Prev. 0.2, Low. -0.1, High. 0)
[MARKET UPDATE] Modest delayed reaction across markets as further outlets run the CBS reporting of US President Trump saying the war is two weeks ahead of schedule
US War Secretary Hegseth says many more vessels flowing through Strait of Hormuz than before, and calls Iran to open for business, or the US has options
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This modest beat might suggest a resilient economy in the face of challenges, potentially impacting the CAD's strength and influencing future policy discussions from the Bank of Canada.
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