Canadian Dollar: GDP rebound supports Loonie – TD Securities
TD Securities economists Robert Both and Emma Lawrence expect Canada’s Q2 National Accounts to show a sharp rebound in Gross Domestic Product (GDP) growth, driven by stronger exports and solid services activity.
TD Securities economists forecast Canada's Q2 National Accounts will demonstrate a significant recovery in Gross Domestic Product (GDP) growth. They anticipate expenditure-based GDP to expand by 3.5% annually, driven by increased exports and robust services activity. Industry-level GDP growth is expected to rise by 0.3% month-over-month, surpassing preliminary estimates. TD Securities expects July flash data to support a Q3 GDP figure above potential output, further bolstering the Canadian Dollar's outlook.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
