The Canadian dollar traded higher against the U.S. dollar on Friday after the release of the country's GDP data for the second quarter.
Statistics Canada said that real gross domestic product rose 0.5% in the second quarter, matching the pace of the two previous quarters. On a monthly basis, real GDP by industry advanced 0.2% in June.
The loonie that closed Thursday's deals at 0.9927 against the greenback hit 0.9869, its highest level since August 29. On the upside, the loonie may target 0.985 level.
by RTT Staff Writer
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