Forex News – Canadian dollar gains after strong GDP data
Posted on April 30, 2013 at 2:54 pm GMTThe Canadian dollar strengthened against the US dollar after better than expected Canadian GDP data on Tuesday. The Canadian economy expanded by a surprisingly faster rate for the month of February, growing at 0.3 percent versus 0. 2 percent expected. Meanwhile, Statistics Canada, government statistics agency, also revised upward GDP for January, to 0.3 percent from 0.2 percent. The main driver behind growth was growth in the oil and gas and manufacturing sectors as well as potash mining. The Canadian [..]