# Canadian dollar edges lower as attention shifts to GDP data | Financial Post

> The Canadian dollar weakened slightly against the greenback, pulling back from a five-day high, as investors awaited Canada's third-quarter GDP data. Economists expected growth to have slowed from 3.7% annualized in the second quarter. Wall Street closed at record levels ahead of the Thanksgiving holiday.

- Date: 2019-11-27 · published 2019-11-27T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/56303-canadian-dollar-edges-lower-as-attention-shifts-to-gdp-data-financial-post
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Investors are positioning around GDP data that could shift Bank of Canada rate expectations, which drive the loonie. Any move in the currency has limited direct effect on feed grain or protein prices.

## Read by commodity

- USDCAD: neutral

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/canadian-dollar-edges-lower-as-attention-shifts-to-gdp-data

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