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Canada GDP Shines | G-20 Meeting Kicks Off

Published June 28, 2019

  • Canada GDP grew 0.3 percent on a monthly basis in April to surpass the market expectation of 0.2 percent, however, came below the previous reading of 0.5 percent. The Canadian dollar was trading slightly higher, at 1.3085 against the greenback after the announcement.
  • The G-20 meetings have begun in Japan. World stock markets faced choppy movement on Friday, as markets hope for an end to the nearly year-long trade dispute between the US and China. Trump and Xi are due to meet on Saturday to discuss the deadlock on trade.
  • US Core PCE Index rose 1.6% in May to match the previous reading and the market expectation. Meanwhile, US personal income also rose 0.5 percent against the expectation of 0.3 percent in May. The US Dollar Index was trading a tad weaker this morning, at 96.07 levels after the announcement.
  • WTI crude prices were little changed on Friday as oil markets cautiously await the key meeting between the US and China. WTI crude was up by 0.4 percent, at 59.64 a barrel on the day.