Canada’s GDP Contracts 0.3% in August: What It Means for the Loonie and Forex Traders Worldwide
Canada’s real gross domestic product (GDP) shrank 0.3% in August, reversing most of July’s modest 0.3% expansion. The decline, driven by weakness in both goods-producing and services-producing industries, highlights the fragility of Canada’s economic momentum as the year heads toward its final quarter.
US PMI Slips Again: What Seven Straight Months of Manufacturing Contraction Really Mean
The U.S. manufacturing sector stumbled once again in September, marking its seventh consecutive month of contraction, according to the latest ISM® Manufacturing PMI® report.