Released from US, Q3 GDP growth was finalized at 3.4% annualized, revised down from 3.5%. GDP price index was revised up from 1.7% to 1.8%. Durable goods orders rose 0.8% in November, much lower than expectation of 1.8%. Ex-transport orders even dropped -0.3% versus expectation of 0.3%.
On the other hand, Canada GDP rose 0.3% mom, in October, above expectation of 0.2% mom. Headline retail sales rose 0.3% mom, below expectation of 0.6% mom. Ex-auto sales rose 0.0%, below expectation of 0.3%.
USD/CAD extends recent up trend in early US session to as high as 1.3563 so far.
But that’s mainly because WTI crude oil is extending recent free fall to as low as 45.00.
