Canadian economy grew at a softer pace than expected in February.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- Canadian economy grew at a softer pace than expected in February.
- USD/CAD clings to daily gains near 1.3650 after the data.
The real Gross Domestic Product (GDP) of Canada grew by 0.1% on a monthly basis in February, Statistics Canada reported on Friday. This reading followed January’s expansion of 0.6%and came in weaker than the market expectation for a growth of 0.2%.
“Advance information indicates that real GDP edged down 0.1% in March,” Statistics Canada further noted in its press relese. “Decreases in retail and wholesale trade sectors, as well as in the mining and quarrying (except oil and gas) subsector were partially offset by increases in the public sector, in professional, scientific and technical services, and in administrative and support, waste management and remediation services.”
USD/CAD showed no immediate reaction to this data and was last seen rising 0.35% on the dayat 1.3640.
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
