Dour Data Stamps Out CAD Rally

Canadian fundamentals produced slower data as expected, however, building permits fell less than forecasted, chalking up the second highest read since inception. Tepid data was enough to halt this week?s Canadian dollar ascent. Monday is civic holiday - Canadian markets will be closed, leaving foreign investors to kick around the Loonie.

[B]Previous 24 hours:[/B]
[B]Building Permits /B (JUN)
Actual: -0.4%
Previous: 21.4%
[B]Ivey Purchasing Managers Index /B
Actual: 54.7
Previous: 67.4

[B]Next 24 hours:[/B]
Civic Holiday - Canadian Markets closed

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