Canadian Dollar strengthens on global economic outlook

Note: This section contains information in English only.
Source: Bloomberg
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Canadian currency appreciated against US Dollar reaching the highest value since January as investors expected the improving global growth will stimulated Canada's exports and cause the increase in key interest rate. Loonie gained 1% versus its US peer to CAD 0.9893. Currently USD/CAD is trading at CAD 0.9901.
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Mon, 05 Mar 2012 07:53:41 GMT

Canada's GDP expanded by 0.4% in February

Canada's GDP raised more than expected last month, according to Statistics Canada. The GDP expanded by 0.4% on a seasonally adjusted basis, after falling by 0.1% in January. Experts predicted the GDP to grow by 0.3% in February. Consumer spending and exports were the most significant contributors to the GDP growth.

Mon, 05 Mar 2012 08:22:46 GMT

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