Entering text into the input field will update the search result below

Canada GDP slides 11.6% in April, poised to improve in May

Jun. 30, 2020 10:55 AM ETiShares MSCI Canada ETF (EWC), FXC, BBCA, FCAN, HEWC, ZCAN, FLCAEWC, FXC, FCAN, HEWC, FLCA, BBCA, ZCANBy: Liz Kiesche, SA News Editor
  • Canada's real GDP dropped 11.6% in April, its biggest monthly decline since the data series started in 1961.
  • The figure illustrates the impact of the first full month of measures that were put in place to mitigate the spread of COVID-19; the April decline follows a 7.5% fall in March.
  • Preliminary information indicates ~3.0% increase in real GDP for May as output across several sectors, including manufacturing, retail, wholesale and public sector, increased in May with the gradual resumption of activity.
  • Invesco CurrencyShares Canadian Dollar Trust ETF (NYSEARCA:FXCrises 0.2%, after opening trading essentially flat.
  • In April, manufacturing sank 22.5% with all subsectors contracting.
  • FXC's price and volume over the past six months
  • ETFs: EWC, FXC, BBCA, FCAN, HEWC, ZCAN, FLCA
  • Previously: Bank of Canada's Macklem: Don't expect initial economic boost to last (June 22)

Recommended For You

More Trending News

Related Stocks

SymbolLast Price% Chg
EWC--
iShares MSCI Canada ETF
FXC--
Invesco CurrencyShares® Canadian Dollar Trust ETF
BBCA--
JPMorgan BetaBuilders Canada ETF
FCAN--
First Trust Canada AlphaDex ETF
HEWC--
iShares Currency Hedged MSCI Canada ETF