A slightly better than expected growth rate in Canada in July: +0.3%. However, this came on top of a downwards revision for June: +0.4% instead of +0.5% originally reported. The immediate reaction was a stronger Canadian dollar: USD/CAD slipped under 1.34. However, this positive effect doesn’t last too long. More figures: Year over year, the Canadian economy has grown by 0.8%, better than 0.7% expected and stronger than +0.5% in June. Canada was expected to report a monthly growth rate of 0.2% in its economic output in the month of July, the first month of Q3. This comes after +0.5% in June, which was not enough to prevent a recession in Canada. USD/CAD traded around 1.3420 towards the release, holding its high ground. The Canadian dollar showed a tendency to slide with the prices of oil but it failed to rise when prices recovered. The Bank of Canada has already cut rates twice this year and another slash from 0.50% to 0.25% is certainly on the cards. In our latest podcast, we dedicated time to what’s going on in Canada: Download it directly here 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 Mood improves as quarter ends [Video] Yohay Elam 7 years A slightly better than expected growth rate in Canada in July: +0.3%. However, this came on top of a downwards revision for June: +0.4% instead of +0.5% originally reported. The immediate reaction was a stronger Canadian dollar: USD/CAD slipped under 1.34. However, this positive effect doesn't last too long. More figures: Year over year, the Canadian economy has grown by 0.8%, better than 0.7% expected and stronger than +0.5% in June. Canada was expected to report a monthly growth rate of 0.2% in its economic output in the month of July, the first month of Q3. This comes after +0.5%… 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.
