Canadian GDP MoM Prel (Feb) M/M 0.2 vs. Exp. 0.1 (Prev. 0.0)
February's preliminary Canadian GDP shows a month-over-month growth of 0.2%, beating expectations of 0.1% and up from a previous 0.0%.
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 Prel (Feb) M/M 0.2 vs. Exp. 0.1 (Prev. 0.0)
[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 stronger-than-expected print could suggest a positive momentum in the Canadian economy, potentially influencing expectations for future monetary policy decisions. Market reactions may include strength in CAD and adjustments in risk sentiment, particularly in the forex space.
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