Following the release of Canada's GDP report for May at 8:30 am ET, the Canadian dollar remained weaker against its major opponents. As of 8:31 am ET, the loonie was trading at 1.2333 against the euro, 1.0030 against the greenback and 77.97 against the yen.
The Canadian economy expanded 0.1 percent in the month and 2.4 percent on the year in May. Analysts had expected the growth slow to 0.2 percent in the month. Annually, the economy was expected to expand 2.6 percent from 2.0 percent growth recorded in the previous month.
Canada's industrial product price and raw materials price indexes for June have also been released at 8:30 am ET. Both data came in line with market expectations.
by RTT Staff Writer
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