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Weekly Economic Perspectives: Smaller Than Expected Q4 GDP

Chief Economist

Weekly Economic Perspectives

  • The Economy
    Another soft employment report in the US. Covid puts the breaks on Canada’s labor market improvement. The BoE delivers a slightly hawkish hold. Eurozone GDP slightly better than expected. Manufacturing, services PMI weaker in Japan. The RBA extends QE by another A$100 billion beyond April.
  • The Market
    Italy leads global equity gains and bucks the global trend toward higher yields. The dollar strengthens. Oil surges, gold retreats.