1:34 PM · 1 February 2022

CAD muted after GDP data from Canada

The Canadian economy expanded 0.6% month-over-month in November, following a 0.8% growth in October and above market expectations of 0.4%. It was the sixth consecutive monthly expansion.

USDCAD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.2700 level. Source: xStation5

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