The loonie gains after Canada's GDP beat

Canada’s GDP beat.

The North American country’s economy grew by 0.5% month-over-month in July, above economists’ expectations of 0.3%.

The previous month saw GDP rise by 0.6%.

The Canadian dollar ticked up slightly up after the data crossed. The currency is up by 0.2% at 1.3119 per dollar as of 8:43 a.m. ET, after being down earlier in the morning.

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