Canada’s economy stalled in February, better than a slide of 0.1% expected. However, this came on the back of a downwards revision for January: a slide of 0.2% instead of 0.1% initially reported. Year over year, growth stands at 1.9%.
USD/CAD is ticking lower and challenging the 1.20 battle line. Update: after the dust begins settling, USD/CAD is rising once again, due to good US data. The greenback has the upper hand for now.
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