# Canadian Dollar Hands Back Thursday’s Gains After Economy Shown Stalling in October

> The Canadian dollar gave back Thursday's gains on Dec. 22 after Statistics Canada reported zero GDP growth for October against an expected 0.2 per cent. USD/CAD rose from 1.2700 to 1.2778 after the release.

- Date: 2017-12-22 · published 2017-12-22T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/67689-canadian-dollar-hands-back-thursday-s-gains-after-economy-shown-stalling-in
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Weaker-than-expected growth lowers expectations of Bank of Canada rate hikes and nudges the loonie lower. The effect on feed prices is small and mainly affects the USD cost of Canadian-origin products.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/cad/8218-canadian-dollar-in-the-spotlight-again-with-release-of-gdp-data-later-today

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