The growth report of Canada August showed better than expected figures, however the loonie was practically not impacted. GDP grew at a rate of 1.2% in August, exceeding the expectation of 0.9%In July, growth had been 3.1% (revised from 3.0%). The preliminary estimate for September is marking a rise of 0.7%.
At the same time the industrial production price index fell 0.1% in September, against the expectation of a 0.1% rise, and after having advanced 0.3% in August.
The USD / CAD declined marginally after the data from 1.3310 to 1.3305. The data had no influence on the Canadian currency. At the same time, the US personal income and spending report was also published.
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Credits: Forex Street
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