Canadian economy shrinks in second quarter less than estimated

Note: This section contains information in English only.
Source: WBP Online
Canada's GDP contracted in Q2 of this year, making it the second consecutive shrinking in a row. GDP in Canada shrunk 0.5% in Q2, while previous quarter's drop of 0.6% was revised down to a 0.8% decline. Despite the negative growth, the second quarter's decline is better than estimated 1% contraction. Additionally, GDP for June climbed 0.5%, the fastest growth after five monthly contractions in a row.
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Tue, 01 Sep 2015 15:44:04 GMT

Aussie falls versus Greenback on China risks

The Australian Dollar erased early gains against its US counterpart on Tuesday, as worries over the Chinese economy continue to weigh on the Australian economy. The AUD/USD pair was traded 0.71% lower at $0.7059 by 13:21 PM GMT, after erasing the RBA-led gains amid risk-off sentiment on the market. Earlier today the RBA decided to leave the interest rate unchanged

Tue, 01 Sep 2015 13:32:04 GMT

Greenback slips against Yen amid weak Chinese data

The Greenback fell against the Yen on Tuesday as weak Chinese data was released earlier in the session, turning investors to look for safety of the Japanese currency. The US Dollar slipped 1.09% to 119.91 against the Yen by 11:25 AM GMT on Tuesday, seen as low as 119.53 earlier in the day, breaching the 120.00 mark.

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