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Canadian GDP grew 0.4% month on month in November, beating the 0.3% forecast and revising October up to -0.2%. USD/CAD fell to 1.3041 after the release.
Stronger Canadian growth supports the loonie against the dollar, which lowers the cost of Canadian-origin goods for US-dollar buyers only marginally for feed markets.
forexcrunch.comYohay ElamJan 31, 2017Not 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.
