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Canadian Dollar came under pressure in early U.S. session after GDP data revealed a deeper slowdown than markets had anticipated. Canada’s economy contracted -0.4% qoq in Q2, marking its first quarterly decline in seven quarters. More concerning was June’s monthly contraction, which signaled that the weakness might carry on into Q3. The drag came primarily […]

The post Canada GDP Miss Sends Loonie Lower, BoC Rate Cut Bets Rise appeared first on Action Forex.

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