4Q GDP +0.3% annualized vs. +0.3% MNI...>

CANADA DATA: 4Q GDP +0.3% annualized vs. +0.3% MNI Median

-----------------------------------------------------------------

- 4Q annualized GDP growth rate was the lowest since 2Q 2016 on 

business investment and exports. 

- Final domestic demand +0.2 in 4Q vs. prior +0.8%. 

- 4Q GDP +0.1% Q/Q on pipeline closure, harvest conditions, strikes, and 

global trade wars. 

- Household spending +0.5%; mainly due to rents, food/beverages, air 

transport, and telecommunication services. 

- 4Q housing market investment +0.3% vs prior +3.1%.  

- Business investment -1.6% mainly on declines in investments in 

machinery/equipment and engineering structures. 

- 4Q Exports -1.3% second quarterly decline in a row. 

- December GDP +0.3% vs. MNI median +0.1%; on transportation/warehousing 

(+1.5%) and mining/quarrying and oil/gas extraction (+1.3%). 

- 2019 GDP growth +1.6 vs prior +2.0%; on weaker international trade and 

investments. 

- December industrial prices -0.3% vs. ex-energy 0.0; 

raw material price index -2.2% vs. ex-energy +1.3%.