# Canadian GDP beats with 0.4% m/m - USD/CAD falls - Forex Crunch

> 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.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/73208-canadian-gdp-beats-with-0-4-m-m-usd-cad-falls-forex-crunch
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

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.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2017/01/31/canadian-gdp-beats-0-4-mm-usdcad-falls/

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