Canada’s gross domestic product rose by 0.7% in March, according to data released moments before by Statistics Canada, after a growth of about 0.9% in February, to come in better than expectations (0.5%), while the economy recorded a growth of 3.1% on a quarterly basis in the first quarter.This year, compared to 6.6% in the last quarter, which is below expectations, which indicated a growth of about 7.5%.

In details, the growth in the accommodation and food services sector rose by 10.9% in March from 14.3% in February, while the growth in the transportation and storage sector rose by 3.2%, and the construction sector recorded a growth of about 1.2%.

The Canadian dollar is trading at 1.2675 levels against the US dollar before the US markets open