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Back Fundamental analysis
Canadian Dollar Strengthens Due to External Factors
The Canadian dollar has risen this
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The Canadian dollar has risen this week, but the increase is primarily due to the U.S. dollar's weakening and an overall appetite for risk, rather than domestic economic factors.The GDP growth for the third quarter outpaced expectations at 2.6% year-on-year, primarily explained by a rebound after a disappointing second quarter, which was revised from -1.6% year-on-year to -1.8%. Excluding external factors, the final domestic demand hardly changed, registering a -0.1% quarter-on-quarter decline, while the preliminary estimate for October showed a
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Kuvat Raharjo,
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