The Story
News Summary
- Canada's Q1 GDP contracted by 0.1% annualized, missing the 1.5% growth forecast significantly.
- While the economy narrowly avoided a technical recession on a quarter-on-quarter basis, persistent declines in business investment and broad economic uncertainty suggest a bearish outlook for the CAD.
Explore USDCAD price history & advisor snapshot
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Stored market data
USDCAD price history
1.39
+0.72% over the displayed period
Advisor Snapshot
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