The Canadian dollar was lower Friday as economic growth for August missed already modest expectations.
The loonie was down 0.27 of a cent to 89.05 cents (U.S.) as Statistics Canada reported that gross domestic product dipped 0.1 per cent against the flat showing that economists had expected.
On an annualized basis, GDP was at an annualized pace of 2.2 per cent, missing expectations of 2.3 per cent.
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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