Canadian economy sputtered at the end of 2019, recording 0.3% annualized growth in 4Q, or the weakest performance since mid-2016. One bright spot was a 0.3% month-over-month nonannualized advance in December versus November. If the Bank of Canada was "looking to GDP for a reason to cut they will not find one," says TD Securities. The firm also says its tracking indicates 1Q GDP growth in Canada will come close to the BOC's forecast of a 1.3% annualized advance.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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