Can the Canadian dollar keep it going with GDP?

Canadian GDP is released monthly and it’s a big laggy but what you give up in timeliness you get back in accuracy. The revisions are nowhere near as severe as the now-comical adjustments they make in the US.

April GDP is expected to rise 0.2% after a 0.14% rise in March when the numbers are out at the bottom of the hour.

The loonie has been on a roll this month but Friday’s CFTC numbers showed there is very little left to squeeze so a negative headline might spark a pullback.