USDCAD is hovering around the unchanged level as investors receiving negative economic news from the USA and Canada. Canadian dollar pressured by weak GDP data for February. The GDP came in at 2.1% below the expectations of 2.2%. The January reading was at 1.8%. Canada’s economy is expected to contract by 9% in March and 2.6% in Q1. The Canada Industrial Product Price registered in at -0.9%, topping the forecasts of -1.7% in March, while the Raw Material Price Index came in at -15.6%, well below the forecasts of -13.6%. From the States, we have a massive slump in personal spending, which fell 7.5% in March marking ... (full story)