Risk Aversion, Falling Crude Oil Prices Overshadow Canada’s Data, CAD Drops

May 31,2019 23:41   Source:Earnforex
Macroeconomic data released in Canada today was very good, but it did not prevent the Canadian dollar from falling. Risk aversion caused by trade wars and falling prices for crude oil, Canada’s major export, were responsible for the currency’s lackluster performance. Canada’s gross domestic product rose 0.5% in March after falling 0.2% in April. That was a bit bigger increase than a 0.4% gain predicted by analysts. […]

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