Canadian Dollar Strengthens Before Gross Domestic Product Report
This article is for subscribers only.
The Canadian dollar rose before a government report forecast to show the nation’s economy expanded for a fifth consecutive month.
Canada’s gross domestic product rose 0.3 percent in May, compared with 0.1 percent increase the month before, according to a Bloomberg survey with 20 responses. The Canadian economy has been resilient, with recent data for May showing the biggest monthly employment gain in a decade and the fastest growth in retail sales in three years.