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Loonie Steady Ahead Of Canada's GDP Report

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.

by RTTNews Staff Writer

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