Canadian GDP figures due for release

Richard BeaumontWritten by:
Richard Beaumont
Currency Broker
T: +44(0)1442 892 060

Today we have the first meaningful data of the week in the form of Canadian GDP figures. These are forecast to show mild growth of 0.2% but with such uncertain times and deteriorating Oil prices, we could easily see this miss the forecasts. Any deviation from this could cause dramatic movements for Cad exchange rates.  At the time of writing GBP/CAD is trading around 1.69 mid-market. EUR/CAD is sitting around 1.49 and USD/CAD just above 1.30.

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Richard Beaumont
Currency Broker
T: +44(0)1442 892 060