Canadian dollar at worst level since Aug 10 ahead of GDP

USD/CAD higher for the fourth consecutive day
There are two fronts in the Canadian dollar trade: 1) Oil 2) The domestic economy.
Oil has been driving the move higher but GDP is slated to fall 1.5% in the quarter (annualized). That’s coming off a 2.4% rise in Q1. Estimates range from -1.0% to -2.0%.