July GDP Preview -- 8:30 EDT.................>

CANADA: July GDP Preview -- 8:30 EDT

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- MNI median +0.1% vs. prior +0.2%.

- GDP growth expected to slow for the fourth consecutive month, from peak of

+0.5% in March.  

- Jump in July wholesale (+1.7%) mainly offset by drop in manufacturing and

unchanged retail sales volume. 

- Manufacturing sales were -1.3%, due to metal and motors sales...

- ...Motor vehicle sales decrease in July likely temporary as makers prepared to

produce new models.