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PBOC To Increase Policy Intensity To Buoy Growth


Daly Sticks With Central Message

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CANADA DATA: REPEAT: August GDP Preview - 08:30 EDT
- MNI Median +0.1%, prior 0.0% 
- Report consistent with 3Q annualized growth rate expected to drop to ~1.5%
from 2Q's 3.7% pace.
- Stalling or contraction may feed expectations BOC will cut rates on trade
risks, following decision Wed. flagging trade pain amid resilient economy...
- ... yet some weakness temporary with Hibernia oil platform shutdown, Alberta
still raising oil production caps
- Signs of strength in advance indicators include housing, factories, and volume
of retail sales

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