Canadian GDP data now out 31 May 2016
- +0.5% prev revised down from +0.8%
- mm -0.2% vs -0.1% exp/prev
- qq +0.6% vs +0.1% prev
- yy +1.1% vs +1.4% exp vs +1.4% prev revised down from +1.5%
A mixed bag of data but softer than expected overall sees USDCAD back up to 1.3070 from 1.3035. Offers /res between 1.3080-1.3100
Exports of good and services the largest contributor to real Q1 GDP growth with a rebound of 6.9% from the Q4 decline.
