# Canadian Growth Rebounds in November but Dollar Gets Only Limited Boost

> Canadian GDP rose 0.4% in November after a flat October, with 17 of 20 industrial sectors posting gains. Economists said growth remains near 2% for Q4, slightly below the Bank of Canada's forecast. The loonie gained only slightly after the release.

- Date: 2018-01-31 · published 2018-01-31T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/67203-canadian-growth-rebounds-in-november-but-dollar-gets-only-limited-boost
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Stronger Canadian growth supports the case for higher interest rates and a firmer loonie, which modestly weighs on Canadian export competitiveness for feed ingredients.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/cad/8426-canadian-growth-seen-rebounding-in-november-but-views-on-the-dollar-are-mixed

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.