Canada has been surprisingly resilient in 2013 but that’s coming to an end with June GDP expected to fall 0.4% m/m.
Along with the monthly data, the first reading on Q2 GDP will be released and it’s expected to slow to 1.6% from 2.5% in Q1. The numbers are out at the bottom of the hour along with the July US PCE report.
And good news, it’s Friday!
Update: What is this sorcery!? USD/CAD rallying ahead of the data and pressing up against 1.0550.
