A somewhat better than expected GDP report from Canada: the economy squeezed by 0.1%, better than shrinking by 0.2% that was expected. Year over year, the economy grew 2.4%.
USD/CAD is falling to 1.2740, erasing a small portion of its recent gains. It is important to note that the US dollar is currently ticking down against other currencies as well, after riding higher so far this week.
Read the rest of the article Canadian GDP falls 0.1% in January – USD/CAD slides from highs