- Prior -0.3%; revised to -0.1%
- Annualised GDP +1.0% vs +0.8% q/q expected
- Prior -1.1%; revised to -0.5%
- December GDP 0.0% vs +0.2% m/m expected
- Prior +0.2%
Despite flat growth in December, Canadian Q4 GDP surprisingly beat estimates with a better revision to the Q3 numbers to boot. Of note, higher exports and reduced imports helped to bolster GDP growth on the quarter. This was slightly offset by a drop in business investment. USD/CAD is down from around 1.3590 to 1.3575 currently on the better-than-expected numbers.
