Data on GDP led to a decline in the Canadian dollar

The Canadian dollar fell after the release of GDP - the GDP of Canada in May fell by 0.5%, which was worse than analysts' forecasts of -0.3%. At the same time, went on the U.S. GDP for the quarter 2 - reduction were lower than expected and amounted to -1.0% (-1.5% forecast) Prior to the publication of the data pair of dollar / Canada fell to 1.0775. TD Securities Analysts note that the flow at the end of the month, likely will support the Canadian currency, although it will increase volatility. At this time, a pair of U.S. / Canada trading near 1.0825 level.