GDP contracts 0.7% in December

[markl]

For the quarter still a rise of 0.2% with 2.7% annually and December is usually a slow month due to holiday slowdown in Manufacturing.

I think this may trigger a 0.50 point drop in tomorrows interest rates. Which of course is good for us.

http://www.statcan.ca/Daily/English/080303/td080303.htm

Any opinions on a 1/4 or a 1/2 point drop tomorrow?

Regards,

 

[tbarcier]

Everything I am reading points to .25

 

[joeiannuzzi]

I do not like to post regarding daily fluctations in the markets regarding oil prices, gold, US dollar exchange differentials, interest rates, etc but since you asked I am betting on a 50 basis point cut. Please see below for details.

http://www.economicnews.ca/login.php?page=...nomic%20Reports

 

[RussellWestcott]

Joe as per your prediction... 50 basis points it is

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