Canada: GDP likely to be flat in February - TDS

Analysts at TD Securities are looking for a flat print on Canada’s February GDP owing to weakness in the goods-producing sector, which was foreshadowed by a sharp pullback in real exports and while energy production caps were raised by 75k in February, preliminary crude output was still lower on the month.

Key Quotes

“Services will provide an offset although cold weather will weigh on the sector. Factory prices for March will be released alongside GDP while Parliamentary testimony from Governor Poloz rounds out the calendar. Poloz and Wilkins will appear before the House of Commons Finance Committee at 11:00 ET, ahead of Wednesday's testimony to the Senate.”