Canada July GDP Rises 1.4% Year-on-Year, Matching Forecasts

The deceleration from the prior month's pace matters more than the headline match with forecasts, since it suggests momentum was already fading before any subsequent data. For crypto and RWA markets, the read-through is indirect: softer Canadian growth feeds into expectations around the Bank of Canada's path, which in turn colors the broader risk appetite that digital assets trade against. The open question is whether this is a one-month air pocket or the start of a slower trend — the next monthly reading is what settles it.