The recession call has to wait until after the election and inauguration of Trump.
We can then assume even God chose the Donald.
The New York Fed's GDP Nowcast for Q3 stands at just 2.3%, falling from 2.8% two weeks ago. The Q4 projection is for only 1.2%, down from 1.7% two weeks ago.
We cannot escape the gravitational pull of the slow down ... CFNAI is another canary in the coal mine.
That's just going to make it come up every single interview from now until November.
How are they going to fix her eyes for the debate, everyone will surely be watching like a hawk.
NON-GAAP ... except between their ears.
08:30 CAD Core Retail Sales (MoM) (Jul) -0.1% 0.5% -0.6%
08:30 CAD CPI (MoM) (Aug) -0.2% 0.1% -0.2%
08:30 CAD CPI (YoY) (Aug) 1.1% 1.4% 1.3%
08:30 CAD Retail Sales (MoM) (Jul) -0.1% 0.1% -0.1%
Next Q should also be negative since retail sales are still falling (MoM).