Loonie slides on poor GDP figures

Loonie slides on poor GDP figures

Loonie slides on poor GDP figures The Canadian dollar is under even more pressure after the release of weaker-than-expected economic data on Friday.  With StatsCan figures showing that the economy declined in November by 0.2 per cent the value of the loonie is around 78 US cents this morning but some economists that lower figures are to come. The currency lost almost 8 cents in January.