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USD/CAD: Loonie weakens after GDP miss and on oil profit-taking
Canadian economy struggles to find growth Oil price rally exhausted as $100 price remains elusive GDP sends BOC rate hike odds down; October 25th meeting at 30.4% vs yesterday's 42.2% USD/CAD rises to a two-week high after loonie bulls disappeared after a disappointing July GDP report.  It looks like Wall Street was a bit too optimistic on the Canadian economy and expectations for August is for a similar reading. The Canadian economic outlook is struggling as the impact from Bank of Canada's ag
by Edward Moya
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