Prior month -0.2%GDP Q/Q +0.5% vs 0.5% priorAdvanced estimate for the month of April +0.1%
Exports of goods drove the growth in the first quarter of 2025, followed
by accumulations of business non-farm inventories. Higher imports and
weak residential structure resale activity tempered overall growth in
the first quarter.
Canadian swaps market sees 22% chance of BoC rate cut next week, down from 27% before GDP data.
This article was written by Giuseppe Dellamotta at www.forexlive.com.