Canada finally gets around to publishing Q4 GDP at the bottom of the hour. Annualized growth is expected at 1.8% and December growth at +0.3% after two months of flattish readings. The Canadian dollar is headed for its best week since December. That’s more about where the economy will be at the end of this year, rather than how it was performing at the end of 2011 but expect some reaction on a miss of 2-3 ticks. Gerry noted buy stops above 0.9900 earlier; spot at 0.9872.
