Loonie with cloudy outlook

Source: WBP Online
© Scanpix/FP
The Canadian Dollar started this week with a gap-down against the Greenback, after Fed Chair Janet Yellen's positive words concerning U.S economic recovery provided grounds for Dollar bulls. The Loonie has hard-data week schedule ahead with second quarter GDP data report this week. Experts forecast an annual increase in Canada's GDP by 2.6%, as well as economics expansion by 0.2% on monthly basis. The Loonie contracted by 0.13% to C$1.0951.
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