The Canadian GDP m/m data (Actual: 0.4%, Forecast: 0.3%, Previous: 0.8%) indicated a slowdown in economic growth in October.
Canadian banks will be closed today in observance of Boxing Day. Expect lower than usual trading and during the Canadian market session.
USD/CAD’s next is at 1.27900 and the next is at 1.29800.
Look for short-term buying opportunities of USD/CAD .