CAD Rebounds on Strong Economic Growth

Canadian economic growth increased 0.4 percent in February on a rebound in mining and oil and gas extraction, Statistics Canada said on Tuesday.


usdcad Canadian dollar graph, May 1, 2018

The service-producing sector edged up 0.1 percent in February, while the goods-producing sector grew by 1.2 percent thanks to manufacturing and construction.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza