We tend to study both Australia and Canada collectively because they have similar economic fundamentals and leverage to interest rate sensitivities, particularly in their domestic housing markets. With that in mind, Australia’s quarterly GDP growth came in at 0.5%, below expectations while Canada’s quarterly growth of 0% was well below market estimates.
Quicknote: Aussie and Canadian growth rate slips
Quicknote: Aussie and Canadian growth rate…
Quicknote: Aussie and Canadian growth rate slips
We tend to study both Australia and Canada collectively because they have similar economic fundamentals and leverage to interest rate sensitivities, particularly in their domestic housing markets. With that in mind, Australia’s quarterly GDP growth came in at 0.5%, below expectations while Canada’s quarterly growth of 0% was well below market estimates.