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Canada’s GDP falls 0.6% in May

Canada's gross domestic product declined 0.6% in May to CAD 1.65 trillion, marking the largest monthly drop since March 2009, Statistics Canada said Friday.

Expectations were for a 0.5% decline following previous month’s 0.1% increase.

According to Statistics Canada the overall decline in May was mainly due to lower non-conventional oil extraction.   

USD/JPY falls back below 103.00 after disappointing US GDP

USD/JPY decline gathered pace, with the pair falling back below the 103 mark, after data showed US GDP grew at a much slower pace than expected during
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USD/CAD dips to 1.3120 after US and Canadian GDP data

Disappointing US and Canadian GDP readings failed to provide any big momentum, with the USD/CAD pair dipping below 1.3150 level to currently trade aro
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