After 4 straight quarters of MoM growth in GDP, the Canadian economy plunged 0.3% in Q4 (considerably worse than the 0.0% expectations) despite a resugenece in crude prices. The Loonie is tumbling, back at 5-week lows, as manufacturing shrank a shocking 2.0% YoY – most since 2013. Goods-producing sector fell 1.3% m/m in Oct. Service-producing […]

via Loonie Tumbles After Canadian Economy Unexpectedly Crashes Back Into Contraction — peoples trust toronto

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