Canadian GDP Weaker than Expected. USD/CAD Following Oil on Shorter Timeframes

Will the GDP data matter come the BOC’s interest rate decision meeting next week? It may depend on whether USD/CAD continues to follow the price of oil! Canadian GDP for Q2 showed that that the economy grew by 3.3% annualized vs an expectation of 4.4% and a Q1 reading of 3.1%.  However, what may be […]

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