Investing.com – Canada's economy unexpectedly contracted in August after having stagnated in the prior month, official data showed on Friday.
In a report, Statistics Canada said gross domestic product (GDP) contracted 0.1% in August from a month earlier, missing expectations for a 0.1% rise and worse than the prior month’s flat reading.
After the report, which was released simultaneously with the raw materials price index and the industrial product price index for September, USD/CAD was trading at 1.2898 from around 1.2845 ahead of the release of the data.