Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
Prior -0.3%December preliminary GDP +0.1%StatCan notes that Real GDP was essentially unchanged in November following a 0.3% decline in October, as contractions in goods-producing industries offset expansions in services-producing industries.Goods-producing industries declined 0.3% in November, down for the third time in four months, driven by contractions in the manufacturing and agriculture, forestry, fishing and hunting sectors in the month. Services-producing industries edged up 0.1%, with expansions in the retail trade, educational services and transportation and warehousing sectors. Overall, 10 of the 20 industrial sectors grew in November.What does the monthly GDP measure?In Canada, the Monthly GDP is a measure of the country’s economic output by industry (Real GDP by Industry). Unlike many other countries that only report GDP quarterly, Statistics Canada releases this data every month to provide a more frequent “pulse check” on the economy.Statistics Canada breaks the report down into two main sectors:Goods-Producing Industries: Includes manufacturing, construction, and mining/oil & gas. This sector has been volatile lately due to shifting trade policies and energy prices.Services-Producing Industries: Includes retail, healthcare, and professional services. This usually provides the “floor” for the economy, though it has slowed as consumers pull back on spending.
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
Canada’s GDP stagnation is a red flag for traders: here’s why. The latest data shows a 0.1% increase in December GDP, but with November’s real GDP unchanged after a 0.3% drop in October, the underlying trend is concerning. Goods-producing sectors are struggling, down 0.3% for the third time in four months, primarily due to manufacturing woes. This stagnation could signal broader economic weakness, impacting consumer sentiment and spending. For traders, this means keeping an eye on the Canadian dollar and related forex pairs, especially if the Bank of Canada reacts with dovish policies. Look for key support levels in USD/CAD around recent highs, as any further economic deterioration could push the loonie lower. But don’t overlook the potential for a bounce-back in services, which could provide a counterbalance. If services can sustain growth, it might mitigate some of the negative sentiment. Watch for upcoming economic indicators and central bank commentary that could shift market expectations. The immediate focus should be on how these GDP figures influence the Bank of Canada’s next moves, especially in the context of inflation and interest rates.
📮 Takeaway
Monitor USD/CAD closely; if Canadian GDP trends worsen, expect potential weakness in the loonie, especially if the Bank of Canada signals dovishness.
