# Canada: The loonie ignores GDP – TDS: Analytics and Market news from 30 квітня 2020 14:17

> 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.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/53868-canada-the-loonie-ignores-gdp-tds-analytics-and-market-news-from-30-2020-14-17
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Weak Canadian activity data points to softer domestic demand, but the limited currency reaction means little direct price impact on feed markets.

## Read by commodity

- USDCAD: neutral

## Sources

- teletrade.org: https://www.teletrade.org/uk/analytics/market-analysis/market-news/3628571

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.