The Canadian economy grew by 0.5% in January. This was in line with expectations and a undoubtedly a solid monthly growth rate. Nevertheless, USD/CAD just cannot break lower.
A growth rate of 0.5% per month is usually at the high end of Canadian growth figures. Growth rates of 0.2% or 0.3% are more common, yet it’s important to state that this was the market’s consensus.
But USD/CAD climbed. It already...
