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Canadian GDP growth unexpectedly stagnates in July

Published 09/29/2017, 08:36 AM
© Reuters.  Canada sees no change in GDP in July vs. 0.1% forecast

Investing.com – Canada's economy unexpectedly stagnated in July, coming in below consensus, official data showed on Friday.

In a report, Statistics Canada said gross domestic product (GDP) was unchanged in July from a month earlier, missing expectations for a 0.1% rise and compared to the prior month’s expansion of 0.3%.

After the report, which was released simultaneously with the U.S. core PCE price index, personal income and spending, USD/CAD was trading at 1.2450 from around 1.2436 ahead of the release of the data.

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