November 2017 Canadian monthly GDP report 31 January 2018

PPI Dec 2017

  • -0.1% vs 0.1% exp m/m. Prior 1.4%
  • 2.2% vs 2.7% prior y/y
  • Raw material prices -0.9% vs 5.5% prior m/m. Revised to 5.4%
  • 6.2% vs 14.2% prior y/y. Revised to 13.9%

The CAD has gained on the GDP number with USDCAD touching a 1.2251 low fron around 1.2276. Manufacturing saw a decent rise which helped the good producing sector gain 0.8%. On the otherhand, the PPI data was softer which is why USDCAD has gone back up.

Ryan Littlestone

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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