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GDP In Focus at 0830ET

CANADA
  • Hitting along with US PCE/durable goods, Canadian monthly GDP for Oct/Nov advance is the last main local release of the year at 0830ET. It is also the last GDP print before the Jan 25 BoC with added focus after Wednesday’s CPI beat.
  • Consensus sees similarly tepid growth of 0.1% M/M for Oct, whilst CIBC and RBC expect flat/little change in the Nov advance. Recall the BoC forecasts growth to largely stall through Q4-1H23.

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