Congress approved a massive stimulus package, but President Trump has thrown a monkey wrench in the process, saying he will veto the bill unless stimulus payments are substantially increased.
US Final GDP for the third quarter was revised upwards to 33.4%, up from 33.1%. Durable goods orders weakened in November, Headline durables dropped from 1.3% to 0.9%, while the core reading slumped to 0.4%, down from 1.3%. Consumer numbers worsened, as Personal Income came in at -1.1% and Personal Spending declined by 0.4%, its first decline in seven months. Unemployment Claims dropped sharply to 803 thousand, well below the estimate of 882 thousand.
USD/CAD daily graph with resistance and support lines on it. Click to enlarge: