• In Q3, the economy grew at a 0.6% pace (revised to +0.7%)
  • December GDP -0.2% m/m, as expected

Trade was a positive factor after dragging heavily on the economy in Q3. Exports rose 0.3% while imports fell by the same margin. Quick drop in USD/CAD to 1.0305 but the buyers were there, rightly noting that any Q4 numbers are deep in the rear-view mirror.