Canada GDP Decent But Won't Change BOC's Gradual Rate-Cut Approach -- Market Talk

Dow Jones
2024-12-23

0930 ET - Canadian economic data surprises with a "pretty decent report" on GDP growth, says BMO Capital Markets. GDP climbs 0.3% in October, and data covering August and September were revised higher. There was a blemish, with early indicators suggesting GDP declined in November. "There's nothing in these figures to change the BOC's more gradual rate cut narrative," the firm says.(Paul.Vieira@wsj.com, @paulvieira)

(END) Dow Jones Newswires

December 23, 2024 09:30 ET (14:30 GMT)

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