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)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.