— more to come Canada was expected to report an annualized fall of 10% in first-quarter Gross Domestic Product. The nation’s provinces entered lockdown during March in order to curb coronavirus. The fall in oil prices, a critical Canadian export, had begun earlier in the quarter when demand from China diminished. For comparison, the US economy squeezed at an annual pace of 5% in Q1 according to updated statistics. The eurozone suffered an annualized fall of around 15%. USD/CAD had been dropping ahead of the publication, trading closer to 1.37 amid US dollar weakness. The greenback is on the back foot amid end-of-month flows and uncertainty about Sino-American relations, ahead of President Donald Trump’s speech on China. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Breaking: US Presonal Spending plunged by 13.6% in April FX Street 3 years -- more to come Canada was expected to report an annualized fall of 10% in first-quarter Gross Domestic Product. The nation's provinces entered lockdown during March in order to curb coronavirus. The fall in oil prices, a critical Canadian export, had begun earlier in the quarter when demand from China diminished. For comparison, the US economy squeezed at an annual pace of 5% in Q1 according to updated statistics. The eurozone suffered an annualized fall of around 15%. USD/CAD had been dropping ahead of the publication, trading closer to 1.37 amid US dollar weakness. The greenback is on the back… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
