Loonie Tumbles After Canadian Economy Unexpectedly Crashes Back Into Contraction – Aussie Dollar Tanks After China Admits Growth Will Miss 6.5% Target

– Loonie Tumbles After Canadian Economy Unexpectedly Crashes Back Into Contraction:

After 4 straight months of MoM growth in GDP, the Canadian economy plunged 0.3% in October  (considerably worse than the 0.0% expectations) despite a resurgenece in crude prices. The Loonie is tumbling, back at 5-week lows, as manufacturing shrank a shocking 2.0% YoY – most since 2013.

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– Aussie Dollar Tanks After China Admits Growth Will Miss 6.5% Target

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