{"id":680,"date":"2009-03-02T17:15:03","date_gmt":"2009-03-02T22:15:03","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=680"},"modified":"2009-03-02T17:15:03","modified_gmt":"2009-03-02T22:15:03","slug":"canadian-gdp-falls-08-in-4th-quarter-canadian-dollar-falls-in-currency-trading","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/03\/02\/canadian-gdp-falls-08-in-4th-quarter-canadian-dollar-falls-in-currency-trading\/","title":{"rendered":"Canadian GDP falls 3.4% in 4th Quarter. Canadian Dollar falls in Currency Trading."},"content":{"rendered":"<p>The Canadian Gross Domestic Product decreased in the fourth quarter of 2008 according to a report by Statistics Canada released today. Canadian GDP fell in the October to December quarter by an annualized 3.4 percent following a revised gain <a href=\"http:\/\/gator1055.hostgator.com\/~alawai44\/fx\/wp-content\/uploads\/2009\/03\/250150currencyexchange.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-682\" title=\"250150currencyexchange\" src=\"http:\/\/gator1055.hostgator.com\/~alawai44\/fx\/wp-content\/uploads\/2009\/03\/250150currencyexchange.jpg\" alt=\"250150currencyexchange\" width=\"250\" height=\"150\" \/><\/a>of 0.9 percent in the July to September quarter. The decline in fourth quarter GDP was the largest quarterly fall since the 1991. The fourth quarter&#8217;s GDP decline was better than market forecasts as predictions were for an annualized 3.5 percent decline.<\/p>\n<p>Total GDP growth in Canada for all of 2008 was 0.5 percent following GDP growth of 2.7 percent for all of 2007.\u00a0 GDP data for the month of December showed a decline of 1.0 percent following a 0.7 percent decrease in November.\u00a0 The monthly decline surpassed economic forecasts predicting a fall of just 0.6 percent.<\/p>\n<p>Contributing to the fourth quarter GDP decline was a decrease in the production of goods by 2.4 percent with the manufacturing industry showing a 4.3 percent drop.\u00a0 Service-producing industries were also down in the fourth quarter with a 0.4 percent fall. Exports declined for the sixth straight quarter with a 4.7 percent dip while imports also fell at a 6.4 percent clip.\u00a0 Personal spending decreased for the first time since 1995 in the fourth quarter as spending declined by 0.8 percent.<\/p>\n<p><strong>Canadian Dollar loses ground in Currency Trading.<\/strong><\/p>\n<p>The Canadian loonie dollar has been losing ground in the currency trading markets against most of the other major currencies today.<\/p>\n<p>The U.S. dollar has advanced against the Canadian loonie as the USD\/CAD trades at the exchange rate of 1.2935 at the end of the U.S. session at 4:57pm EST after opening the day at 1.2753 according to currency data by Oanda.<\/p>\n<p>The euro has also gained against the loonie as the EUR\/CAD trades at the 1.6262 level after opening the day at 1.6029. The loonie has declined versus the Japanese yen as the CAD\/JPY has fallen to the 75.35 yen per loonie level after opening at 76.47.<\/p>\n<p>The British pound has advanced versus the loonie as the GBP\/CAD trades at 1.8163 after opening today at 1.8136.<\/p>\n<p>The Australian and New Zealand dollars have gained against the Canadian loonie as the AUD\/CAD trades at 0.8138 from 0.8068 while the NZD\/CAD trades at 0.6365 after opening the day at the 0.6289 exchange rate.<\/p>\n<p><strong>CAD\/JPY Chart<\/strong> &#8211; The Canadian dollar falling versus the Japanese Yen today in Currency Trading(4 Hour Chart).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-681\" src=\"http:\/\/gator1055.hostgator.com\/~alawai44\/fx\/wp-content\/uploads\/2009\/03\/3-2cadjpy.gif\" alt=\"3-2cadjpy\" width=\"550\" height=\"400\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monday, March 2nd &#8211; The Canadian Gross Domestic Product decreased in the fourth quarter according to a report by Statistics Canada released today&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-680","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=680"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/680\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}