Canadian GDP declines unexpectedly
The Canadian economy shrunk unexpectedly in March. Statistics showed that the manufacturing sector gave back some of its previous gains and trade also declined.
Canada GDP m/m was down to -0.2% versus forecast of 0.0% and down from 0.5% in February.
USD/CAD jumped to 0.9509 from 0.9499 before the release and rose to 0.9523 soon after.
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