April’s manufacturing, wholesale and retail data to point to Canada’s growth rebound - rbc.com
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April’s manufacturing, wholesale and retail data to point to Canada’s growth rebound rbc.com
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April’s manufacturing, wholesale and retail data to point to Canada’s growth rebound rbc.com
The desk posits that Canada’s GDP growth rebounded in Q1 after a contraction in Q4, as suggested by the latest RBC Economics report. This positive shift is supported by anticipations of economic resilience amid global economic pressures, thereby setting a foundation for potential currency strength. Per the full note, the expectation is that growth likely printed a positive figure, contrasting with Q4’s downturn. As traders assess these data points, any deviation from anticipated growth could impact market sentiment.