The Canadian economy had an excellent first quarter. The economy grew by 0.5% m/m in March, concluding a robust quarter. Expectations stood at a modest 0.2% after February saw no change in the output of the Canadian economy. USD/CAD slipped to a new low of 1.3433.Update: after the initial fall, the pair bounced back and remains around levels seen earlier in the day, at 1.3450. The Canadian dollar was moving on oil prices in the past week, following the OPEC meeting. Before the decision on further oil production cuts, the loonie enjoyed some tailwind from the Bank of Canada. The BOC was relatively upbeat on growth. And now we know that growth looks good. In the first quarter, the economy grew by an annualized level of 3.7%. The US grew by only 1.2% according to the revised data.Q4 2016 growth was 2.7% according to the latest revision. More: CAD: A Couple Of Major Positives – Where To Target? – SocGen Here is how it looks on the 30-minute chart: 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 EUR: ECB To Stay On Course For Tapering Despite Drop Yohay Elam 6 years The Canadian economy had an excellent first quarter. The economy grew by 0.5% m/m in March, concluding a robust quarter. Expectations stood at a modest 0.2% after February saw no change in the output of the Canadian economy. USD/CAD slipped to a new low of 1.3433.Update: after the initial fall, the pair bounced back and remains around levels seen earlier in the day, at 1.3450. The Canadian dollar was moving on oil prices in the past week, following the OPEC meeting. Before the decision on further oil production cuts, the loonie enjoyed some tailwind from the Bank of Canada. 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.
