Sixty days after the month ends, change in the inflation-adjusted value of all goods and services produced by the economy is released . Gross Domestic Product in Canada for March was released better than the 0.2% that was expected, as GDP rose to 0.3%; higher than February's 0.1% release.
Annualy expressed, rate of Gross Domestic Product in Canada rose by 2.9% in the first quarter, after a 3.1% expansion in the fourth quarter of last year (2010). Canadian economy sped in the first quarter of 2011.
Current Account in Canada was released from the previous 10.3 billion down to 8.9 billion. Current Account measures the difference in value between imported and exported goods, services, investment income, and current transfers during the previous quarter.
USD/CAD bounced of its support line and rose. The pair is currently trading along the line of 0.9777.
EUR/CAD 1.3947.
Traders focus on GDP news releases as it's the broadest measure of economic activity and the primary gauge of the economy's health.
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