TODAY'S MARKET INTELLIGENCE
Canada GDP Stalls in Aug with Sept Contraction Forecast; Market Reprices Growth After BoC Hike
English summary
Statistics Canada data showed real GDP was flat month-over-month in August, missing expectations, with preliminary estimates indicating a slight contraction in September. Following the Bank of Canada's recent rate hike to 2.5% to combat inflation, this weak data highlights the tension between growth momentum and policy tightening, with USD/CAD trading near 1.39-1.40.
The English text is machine translated and may require verification against the Chinese version.
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