Canada's Q2 GDP Rebound Supports Cautious Outlook: NBC
National Bank of Canada notes the Canadian economy began Q2 on a stronger-than-expected footing, with real GDP boosted by energy and manufacturing sectors, supporting a cautious outlook.
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According to National Bank of Canada (NBC) analyst Kyle Dahms, the Canadian economy entered the second quarter with stronger-than-expected momentum. Real GDP growth was driven primarily by the energy and manufacturing sectors, offering a solid rebound.
Despite the positive start, the outlook remains cautious as broader economic uncertainties persist. The data suggests the economy may be on a firmer footing, but NBC refrains from calling for aggressive policy adjustments.
Source: FXStreet Forex News