By Barbara Zigah Earlier today, Statistics Canada released its 4th quarter 2010 GDP data, which came in at 3.3% growth (on an annualized basis), a significant improvement over analysts’ growth estimates. Previously, a consensus of economists had been predicting that growth would pick up, forecasting a rise to 2.9% for the last quarter of 2010. [...]
Tag Archives: CAD
Beginner Trader’s Corner—–USD/CAD
USD/CAD is trading right now around the 1.0750 level on the daily chart just between the 100 and 200 Day Moving Averages respectively. Look to these levels for immediate support and resistance on a daily basis and to give direction to the pair in the coming weeks. If you look at my earlier post you [...]
