# Canadian Dollar is Month's Best Performer, Aided by GDP Surprise

> The Canadian dollar was the best-performing major currency in June after April GDP grew 0.3%, above the 0.2% consensus. Analysts said the data would keep the Bank of Canada on hold ahead of its business outlook survey.

- Date: 2019-06-28 · published 2019-06-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/58831-canadian-dollar-is-month-s-best-performer-aided-by-gdp-surprise
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Stronger Canadian growth and a firmer loonie tighten the export price competitiveness of Canadian grains and oilseeds, a modest support for prices of Canadian feed inputs.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/cad/11602-the-canadian-dollar-today-gdp-data-boc-survey-and-g20-in-focus

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