Canada: Annualized real GDP declines to 0% in Q4 vs. 1.5% expected – by eren_fxstreet Canada GDP Macroeconomics Growth USDCAD
USD/CAD rises toward 1.3600 following the disappointing GDP data. growth arriving at 0%. This reading followed the 2.3% expansion recorded in the third quarter and missed the market expectation for a growth of 1.5% by a wide margin.Statistics Canada explained slower inventory accumulations and declines in business investment in machinery and equipment were behind the poor economic performance in Q4.USD/CAD edged higher with the initial reaction and was last seen posting small daily gains at 1.
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