Canadian economy shrink exceeding expectations - May

Released by the Canadian economy at 12:30 GMT Monthly GDP, shrunken by 0.5 percent in May, beating expectations for a contraction rate of 0.5 percent, worse than the previous growth rate of 0.1 percent, and the reading of the annual GDP growth rate of 1.0, less than the month of April growth rate of 1.5 percent, worse than expectations of a rate of growth 1.3 percent.

This is a negative statement for the Canadian dollar.