Canadian GDP August 2014

On Friday we will get some important economic news out of Canada (I am still waiting for a bigger rally in the Canadian Dollar especially in the USDCAD) in the form of GDP data for August. I don’t think we will get it in Friday’s GDP report where expectations call GDP at 0.0% in August and for a slight decrease to 2.4% year-over-year from the previously 2.5% growth rate. Overall I think the Canadian economy is performing and will perform better than the US economy, but the verdict is still out there.