Canada: Real GDP expands by 0.1% in October as expected
|- Canadian economy expanded by 0.1% in October as expected.
- USD/CAD continues to trade in negative territory near 1.3600.
Real Gross Domestic Product of Canada grew by 0.1% on a monthly basis in October, Statistics Canada reported on Friday. This reading followed September's 0.2% growth and came in line with the market expectation.
"Advance information indicates that real GDP increased 0.1% in November," Statistics Canada added in its publication. "Increases in the utilities, wholesale, and finance and insurance sectors were partially offset by decreases in the construction, retail, and mining, quarrying, and oil and gas extraction sectors."
Market reaction
USD/CAD showed no immediate reaction to this report and was last seen trading near 1.3600, where it was down 0.35% on a daily basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.