Canada: November GDP likely to fall 0.1% - TDS

Analysts at TD Securities suggest that today all eyes will be on the release of Canada’s November GDP, which is expected to fall 0.1% by TD and the market.

Key Quotes

“We expect the slowdown to be broad-based aside from the drag from energy, painting a downbeat picture for Q4 growth though this is largely expected by the BoC.”

“In addition, BoC Senior Deputy Governor Wilkins delivers a speech 12:30 ET on ways that the business cycle and longer-term factors shape wages and the overall employment picture in Canada, and how these dynamics influence monetary policy. With the BoC firmly in data monitoring mode, her comments are unlikely to sway rate expectations or our view for policy to remain on hold until the summer, when the economic picture becomes clearer.”