Canadian GDP

[errolanderson]

Cdn GDP data is out tomorrow . . .
market is bracing for another
contraction for 4th quarter. Loonie is
again under pressure in anticipation.

If GDP is negative, this would represent
two (2) quarters of negative growth
which is the definition of a recession.

U.S. 4th quarter GDP released this
morning is a whopping 0.1% and the
market appears thrilled. But in reality,
U.S. economic growth remains pitiful
(IMO).

[errolanderson]

Cdn GDP released this morning at 0.06% for
the 4th quarter. Better-than-expected.

Loonie was bracing for a contraction.
Early morning (Friday) spot loonie tested
a low of 96.81 cents U.S.