Why did the CAD drop after good news on the GDP???
Canadian economic accounts, first quarter of 2014 and March 2014
Real gross domestic product (GDP) rose 0.3% in the first quarter, following 0.7% growth in the fourth quarter of 2013. This was the smallest increase since the fourth quarter of 2012. On a monthly basis, real GDP by industry edged up 0.1% in March. Final domestic demand was down 0.1% in the first quarter, as lower business gross fixed capital formation offset increased household final consumption expenditure. Government final consumption expenditure was 0.1% lower. Household final consumption expenditure rose 0.3%, the smallest gain in four quarters. Increased spending on non-durable goods (+1.0%) more than offset ... (full story)