Canada GDP probably rebounded by 0.4% m/m in Dec: Capital Economics

Quotes from Capital Economics:

- Our calculations indicate that, after contracting by 0.2% m/m in November, Canada's monthly GDP (13.30 GMT) rebounded by 0.4% m/m in December. For the fourth quarter as a whole, we think that GDP expanded at a solid 2.4% annualised pace. 

- But the sharp drop in commodity prices, and subsequently in energy prices, means that GDP growth is set to slow again in 2015, to between 1.5% and 2.0%.