Canada was expected to report a growth rate of 0.2% in March, the last month of Q1. In addition, this came on top of a revised 0.1% slide in February, worse than flat originally reported.
USD/CAD jumped from 1.2430 to above 1.25 on this fall.
Read the rest of the article Canadian GDP falls by 0.2% – a bitter disappointment – USD/CAD rallies