Loonie set for decline as GDP shrinks

Note: This section contains information in English only.
Source: Bloomberg
The Canadian Dollar approached a 12-week low versus the greenback as Canada's GDP shrank for the first time in 6 months. The loonie traded below the parity level with its U.S. peer for a third day as Statistics Canada reported that output unexpectedly decline 0.1% to C$1.29 trillion in August from July year-on-year. Canada's currency was little changed at 99.64 cents per U.S. Dollar after touching C$1.0014 earlier. It reached C$1.0019 yesterday, the weakest level since August 6.
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