Canada GDP for Q4 6.7% annualized vs 6.5% estimate. MoM for December 0.0% vs 0.1% expected

• Prior report
• GDP Q4 2021 annualized for Canada 6.7% vs 6.5%
• The advanced estimate was for an annualized rate of 6.3%
• GDP Q4 1.6% vs 1.3% in Q3. The advance estimate of 1.6%
• GDP December 2021 0.0% vs 0.1% estimate. The advanced estimate for December was unchanged.
• GDP Implicit Price QoQ 1.6% %
• GDP YoY Q4 (not annualized) 3.26% vs 3.97% last
• Final domestic demand rose 0.7% in the fourth quarter after rising 1.7% in the previous quarter

The flash estimate for January is shooting for 0.2%.

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/USDCAD USD/CAD The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh Read this Term