2:32 PM · 30 November 2023

BREAKING: Large drop in Canadian GDP. USDCAD gains 📈

USD/CAD

Forex

Annualized Canadian GDP came in -1.1% vs 0.1% exp. and -0.2% previously

QoQ reading came in -0.3% vs 0% previously
MoM reading came in 0.1% vs 0% exp. and 0% previously

In the first reaction after data, we can see some CAD depreciation. USDCAD pair gains 0.2% today.

Source: xStation5

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