Canada Q3 2018 comes in unchanged q/q ann but falls on the month – Oct PPI down

Q3 2018 Canadian GDP data 30 November 2018

• GDP 2.0% vs 2.0% exp q/q ann. Prior 2.9%
• 0.5% vs 0.7% prior q/q
• September GDP -0.1% vs 0.1% exp m/m. Prior 0.1%

PPI October 2018

• 0.2% vs -0.5% exp m/m. Prior 0.1%
• 5.3% vs 6.2% prior y/y
• Raw materials -2.4% vs -5.3% exp m/m. Prior -0.9%
• 7.7% vs 14.6% prior y/y

GDP offering no shocks but PPI is a touch softer but is always open to wild swings. USDCAD with a 30 pip flip flop around 1.3295-1.3325.

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Ryan Littlestone

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

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Latest posts by Ryan Littlestone (see all)

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