Loonie slips on mixed economic data

Canadian dollar tilted lower against greenback today, after the release of mixed data, while the market anticipate the US-China trade talk results.

The Canadian economy released today its monthly reading of the GDP, which grew by 0.2%, higher than forecasts of 0.1%, while the raw materials price index fell by 1.2%.

China Commerce Ministry confirmed that Chinese officials are meeting with their US counterparts in Washington to discuss calming the trade war.

Optimism dominated the market this week after China expressed its desire to reach a comprehensive agreement that will end the trade disputes raging between the two countries

In terms of trading, by 15:56 GMT, CAD/USD held at 0.7525, with a high of 0.7552 and a low of 0.7507.