Canadian Dollar Holds Near 12-Week Low on GDP
The Canadian dollar steadied near a 12-week low against the US dollar as domestic GDP data met expectations. Economic growth showed resilience despite ongoing trade headwinds and new import bans.
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The Canada dollar steadied near a 12-week low on Tuesday as the USD/CAD hovered at 1.4175. The currency held weak following domestic GDP data that signaled economic resilience. It left the loonie on track to snap a six-day losing streak against the United States dollar.
