Canadian data: November GDP up 0.4 %

  • expected up 0.30%
  • RMPI up 4.2% ; expected up 3.20%, November was 0.20%
  • IPPI up 0.7 % expected up 0.60%; last print 0.50%

The Loonie firmed to 0.9963 on better than expected numbers indicating that growth and inflation are on the up; this may be construed as arationale that a rate hike may be back on the table sooner than thought

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