Canada June 2018 GDP data on 30.08.2018

  • prior 0.5%
  • GDP YoY 2.4% vs 2.6% prior, revised to 2.7%
  • Q2 GDP annualised 2.9% vs 3% exp, prior 1.3%, revised to 1.4%
  • Q2 GDP QoQ 0.7% vs 0.3% prior, revised to 0.4%
  • Q2 GDP implicit price QoQ 0.50 % vs 0.3% prior

CAD not liking the headline number, weakens 25p to 1.2950 initially. Waiting for month end flows to kick in though. Not getting overly involved in the loonie for now.

K-man
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