Fx Primus Rebates

Canada May GDP +0.5% m/m vs +0.3% m/m expected

Canadian May monthly GDP data Details: – Goods producing +0.6% – Service producing +0.5% – Mining, quarrying, oil & gas +1.8% m/m and +6.4% y/y – Utilities -2.4% This was a solid report that wasn’t driven by and clear one-off. 19 of 20 industrial sectors rose while all services-producing industrial rose. The jump in mining,…