The Canadian economy grew by 0.1% in October. A rise of 0.1% in GDP was expected. The economy stalled in September and dropped by 0.1% in August. While growth is certainly unexciting, Canada maintains a low unemployment rate. USD/CAD is ticking higher. Inflation remains tame in Canada: the Consumer Price Index dropped by 0.2%, falling short of expectations for staying flat. Core CPI, which is closely watched by the BOC, remained flat, falling short of expectations for a 0.2% rise. The Canadian dollar is now weakening against the greenback, with USD/CAD rising to around 0.9920. The pair recently rejected the 0.98 support line. For more, see the Canadian dollar forecast. In the meantime, the US published a big bulk of figures, including durable goods orders and personal spending. The figures came out better than expected, but failed to cheer the markets. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next More Positive US Data Doesn’t Counter Fiscal Gloom Yohay Elam 10 years The Canadian economy grew by 0.1% in October. A rise of 0.1% in GDP was expected. The economy stalled in September and dropped by 0.1% in August. While growth is certainly unexciting, Canada maintains a low unemployment rate. USD/CAD is ticking higher. Inflation remains tame in Canada: the Consumer Price Index dropped by 0.2%, falling short of expectations for staying flat. Core CPI, which is closely watched by the BOC, remained flat, falling short of expectations for a 0.2% rise. The Canadian dollar is now weakening against the greenback, with USD/CAD rising to around 0.9920. The pair recently rejected the… 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.
