Canada is set to release its gross domestic product report for January at 8:30 am ET. The Canadian economy is expected to expand 1.7 percent on year and 0.1 percent on month, slower than the 1.8 percent and 0.4 percent growth recorded in December, respectively.
The Canadian dollar held steady against its major counterparts ahead of the report. As of 8:25 am ET, the loonie was trading at 1.3310 against the euro, 0.9970 versus the US dollar and 82.30 against the yen.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.