Tuesday, December 24, 2013

Loonie Higher after GDP

The Canadian Dollar inched higher versus its American counterpart, advancing 0.34% to 1.0596 following the report from Statistics Canada, showing the economy posted stronger-than-expected growth in October. The homeland of the maple leaf expanded 0.3% to $1.60 trillion in October, from a 0.1% growth in the previous month and above analysts' forecasts for a 0.2% expansion.



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