The Canadian economic activity contracted 0.2% on a monthly basis during December, and posted an annualized expansion of 0.6% during the fourth quarter.
Mar 1, 2013
Bersani rejects coalition with center-right
The Italian center-left Democratic Party leader Pier Luigi Bersani said in an interview for the newspaper La Repubblica that he would not form a coalition government with Berlusconi’s center-right, after the inconclusive elections held last weekend.
The Canadian dollar strengthened and dragged USD/CAD back from highs after data showed Canadian GDP grew 0.6% in Q4 2012, in line with market expectations, while the previous reading was upwardly revised to 0.7% from 0.6%.