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The loonie gains after Canada's GDP beat

Elena Holodny   

The loonie gains after Canada's GDP beat
Stock Market1 min read

Canada's GDP beat.

The North American country's economy grew by 0.5% month-over-month in July, above economists' expectations of 0.3%.

The previous month saw GDP rise by 0.6%.

The Canadian dollar ticked up slightly after the data crossed. The currency is up 0.2% at 1.3119 per dollar as of 8:43 a.m. ET, after being down earlier in the morning.

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