Canada: GDP posts fourth consecutive monthly decline in April

FXStreet (Córdoba) – Canadian gross domestic product fell 0.1% in April, the fourth consecutive monthly decline as a decrease in the output of goods-producing industries outweighed an increase in service industries, according to Statistics Canada.

The reading missed expectations of a 0.1% increase and follows a 0.2% drop in March. The CAD weakened across the board in the wake of disappointing growth data.

Canadian gross domestic product fell 0.1% in April, the fourth consecutive monthly decline as a decrease in the output of goods-producing industries outweighed an increase in service industries, according to Statistics Canada.

(Market News Provided by FXstreet)