Canada: Q4 GDP growth to slip to 0.9% - TDS

In view of analysts at TD Securities, all eyes will be on Q4 national accounts of Canada for today’s session, where they are looking for GDP growth to slip to 0.9% q/q (saar) on soft household consumption and residential investment, offset by a rebound in non-residential investment.

Key Quotes

“The latter should allow policymakers to look through the soft headline print, although an expected flat print on industry-level GDP for December (TD/market: unch) will provide a muted handoff to Q1 growth. Markit Manufacturing PMI for January will be published shortly after GDP at 9:30 ET.”