Canada has released data on Canada's Gross Domestic Product (GDP) for Q4, which indicates no growth with a 0% quarter over quarter increase.
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This figure falls short of the expected 2.9% increase, with the decline in business investment and inventory accumulations being cited as the primary reasons for the weaker growth. Some pundits now speculate that the Fed could raise rates as high as 6%, which is creating buzz in financial markets.Following the release of this data, the USD/CAD rose, reaching a daily high of 1.3609.
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