Here comes Canada's GDP...

trudeau speaking saudi arabiaCanadian Prime Minister Justin Trudeau addresses the press about the impending death sentence of Saudi activist Israa al-Ghomgham.Screenshot/Global News Canada

Canada reports July gross domestic product on Friday. Economists are expecting an increase of 0.1% month-over-month and 2.2% year-over-year.

Economic growth accelerated in the second quarter at the fastest pace in a year, driven by sharp increases in exports and consumer spending. But June saw a flat reading as a major outage at a Canadian energy facility weighed on oil and gas output.

The data will come the same day the US is expected to publish text of a bilateral trade agreement with Mexico. President Donald Trump has threatened to exclude Canada from a final NAFTA agreement and to impose tariffs on Canadian car imports to the US.

Canada could presumably join the deal later - if it makes concessions on key sticking points including access to Canada's protected dairy market and rules on resolving trade disputes.

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