Canada and Australia will print 2nd QTR GDP reports… You’ve got to remember that this data only goes through June, and it’s really a look back into the rear view mirror if you will… I think traders will like the 0.5% VS last quarter, which would make 2% Year on year, in Australia, but not be so happy about the negative print expected in Canada of -1.2% VS last QTR… Canada, can’t escape the damage that the drop in the commodities’ prices have brought this past year… You name it, Canada mines it, produces it, and ships it… So, the Global Growth is suffering and that hurts exports, and then what they do export is at a bargain basement price… UGH! - See more at: http://www.dailypfennig.com/2015/09/01/euro-becomes-safe-haven/#sthash.XPYm62J9.dpuf
