Canadian Dollar steady after GDP contraction in June

Posted by Drew Zimmerman

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Real gross domestic product (GDP) expanded 0.4% in the second quarter, following 0.5% growth in the first quarter. On a monthly basis, real GDP by industry declined 0.5% in June.

The Canadian Dollar dropped on the print but has since come back to unchanged and is holding steady despite the continued slowing of real Canadian GDP.

Drew Zimmerman

Investment & Commodities/Futures Advisor

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