The domestic economy slipped into negative growth territory in December, with output falling 0.1 per cent month-over-month
. It’s the goods side of things that proved the bigger weakness – down 0.6 per cent, against a flat reading from services. Things are similarly bleak on an annualized basis – flat in the fourth quarter, against an estimate of 1.6 per cent – but there are a couple bright spots. If you strip out business inventories and a drag from international trade, final domestic demand was actually up 1.0 per cent, a rebound from the 0.6 per cent decline in Q3.
A new poll from TD says about six in 10 Canadians now feel like they’re being more targeted by financial fraud. More worrying, nearly half haven’t taken any action to protect themselves from said fraudsters. Magnet Forensics shareholder Nellore is coming out against the company’s planned sale to Thoma Bravo, arguing it undervalues the company. Nellore is nothing to mess with in this case – it owns about 11 per cent of Magnet’s subordinate voting shares.Notable data: Real GDP, U.S.
Notable earnings: Bank of Montreal, Bank of Nova Scotia, Laurentian Bank, First National Financial, Groupon, Target, J M Smucker Co., Aecon Group, HP Inc., Monster Beverage, Novavax, Urban Outfitters