USD/CAD extends losing streak as Canada’s Q3 GDP rebound boosts the Loonie

The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday as traders respond to Canada’s Q3 Gross Domestic Product (GDP) rebound.
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CAD: Canada GDP smashes expectations at 2.6% – TDS

Canada’s Q3 GDP delivered a major upside surprise, lifting CAD and raising the bar for BoC easing. Markets now see USD/CAD capped near 1.41 with potential toward 1.38 by year-end, TDS' analysts note.
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