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Canadian GDP Increases by 0.2% | ECB Hesitant to Restart QE?

Published August 30, 2019

  • Canadian real gross domestic product increased for the fourth successive month in June, rising 0.2%. This growth was demonstrated most visibly in 17 of 20 industrial sectors, which more than compensated for a decline in manufacturing. Goods-producing industries declined 0.2% as a result of lower manufacturing, largely offsetting the growth in May.
  • US personal income increased to $23.9 billion in July according to estimates released today by the Bureau of Economic Analysis. This was followed by disposable personal income increasing to $44.4 billion and personal consumption expenditures rising to $93.1 billion.
  • European Central Bank Executive Board member Sabine Lautenschlaeger is the latest policymaker to state publicly that the time is not right to restart the bank’s quantitative-easing program. Previously, Governor Klaas Knot said the euro area growth outlook wasn’t weak enough to resume buying bonds.
  • UK Prime Minister Boris Johnson’s move to suspend Parliament for up to five weeks ahead of the October 31 Brexit deadline was not overruled by a Scottish judge this morning. British lawmakers are still confident that they have sufficient time to block the UK leaving the European Union without a deal.