The Canadian Dollar gains a scant tenth of a percent on Thanksgiving Thursday.
Market flows have dried up with the US on holiday. Friday volumes will likely be constrained as well.
Canada’s Current Account came in at -3.23 billion in the third quarter, better than the expected -9.3 billion and rebounding from the previous quarter’s revised -4.7 billion, which was initially released at -8.4 billion.
On Friday, Canada’s third quarter GDP growth is expected to ease to just 1.0% on an annualized basis, down from the previous 2.1%.
On a month-on-month basis, Canadian GDP is forecast to swing up to 0.3% MoM in September compared to August’s flat 0.0% print.
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