CANADA: GROSS DOMESTIC PRODUCT EXPANDS BY 0.1% IN NOVEMBER VS. 0% EXPECTED

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Real Gross Domestic Product (GDP) in Canada grew by 0.1% on a monthly basis in November, the data published by Statistics Canada revealed on Tuesday.


This reading matched October's expansion of 0.1% and came in slightly better than the market expectation of 0%.


Market reaction

USD/CAD pair edged slightly lower with the initial reaction and was last seen trading at 1.3437, gaining 0.4% on a daily basis.

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