Loonie drops in value as economic data disappoints

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The latest GDP figures released on Friday by Statistics Canada saw the Canadian dollar drop in value by around two-thirds of a cent. Economists had predicted a flat GDP result for August but there was a decline of 1 per cent. Analysts say that the drop is not a major concern and is still ‘respectable’. The loonie was put under additional pressure from Japan where the central bank upgraded a stimulus program. 

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