The Canada’s GDP growth report recorded figures below expectations, although it showed that the recovery continues. Real GDP grew at a rate of 8.9% in the third quarter after contracting 11.3% in the second, according to the Canadian statistics agency. In annualized terms, the economy expanded at a rate of 40.5% in the third quarter, below the 47.6% of the market consensus.
Talking about September, GDP grew 0.8% below 0.9% of average analyst expectations.
The loonie it had no relevant changes after the Canadian data. USD / CAD fell less than ten pips towards 1.2960.
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