GDP MoM +0.4% vs +0.3%. RMPI surges by 6.5% (est 2.8%).
The USDCAD has moved to new session lows after GDP for the month of November increased by +0.4% for the month. Also the Raw Material prices surged by 6.5%. It may be transitory but it catches the markets attention. The US employment cost index was also a bit light at +0.5% vs 0.6% est.
Forex technical analysis: USDCAD moved lower after higher GDP/prices
