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Industry-level Canadian GDP was unchanged in February, below the 0.1% market forecast, with weakness across goods and services. Currency traders largely ignored the stale data as month-end flows dominated.
TD Securities pointed to support levels for USD/CAD.
Weak Canadian activity data points to softer domestic demand, but the limited currency reaction means little direct price impact on feed markets.
teletrade.orgApr 30, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
