The Canadian GDP m/m data (Actual: 4.5%, Forecast: 3.5%, Previous: -11.7% revised from -11.6%) released last Friday indicated a recovery in economic growth for the month of May after two consecutive months of negative growth.
Canadian banks will be closed today in observance of Civic Day. Expect lower trading and during the Canadian market session.
USD/CAD’s next is at 1.33800 and the next is at 1.35100.
Look for selling opportunities of USD/CAD .