The Canadian economy grew by 0.1% in March but only 1.2% in Q1 (annualized). Q4 2013 growth was revised down from 2.9% to 2.7%. Canada was expected to report a growth rate of 0.1% in March, and a an annualized growth rate of 1.8% in Q1 as a whole. In February, the nation saw an advance of 0.2% in GDP. The RMPI was expected to rise by 0.4%. This disappointed as well with a gain of only 0.1%. USD/CAD was trading on low ground, around 1.0835, after seeing even lower levels earlier. The pair is now around 1.0860. –more coming — At the same time, the US released some second tier data, which mostly came out as expected. The loonie is gradually recovering from a very bad start to the year, which saw USD/CAD climb above 1.12. Recent positive employment data was one of the catalysts for the recovery. Next week, Canada releases jobs data. For more on the C$, see the Canadian dollar forecast. 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 The Sea of Tranquility Karl Schamotta 8 years The Canadian economy grew by 0.1% in March but only 1.2% in Q1 (annualized). Q4 2013 growth was revised down from 2.9% to 2.7%. Canada was expected to report a growth rate of 0.1% in March, and a an annualized growth rate of 1.8% in Q1 as a whole. In February, the nation saw an advance of 0.2% in GDP. The RMPI was expected to rise by 0.4%. This disappointed as well with a gain of only 0.1%. USD/CAD was trading on low ground, around 1.0835, after seeing even lower levels earlier. The pair is now around 1.0860. --more coming… 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.
