Canadian GDP improved from a 6.1% in dive in Q1 but came in weaker than expectations for a 3.0% decline in Q2.
The Loonie is struggling today as commodities give ground on fears Chinese demand will dry up going forward. A 6.75% decline in share prices in Shanghai amid stories of commodity contracts being canceled is helping up jitters. Stops are eyed in the 1.1130 area in good size.