Reuters: Canadian dollar edges lower as focus turns to domestic GDP data

"The Canadian dollar remains ​stubbornly range-bound ahead of Friday's first-quarter gross domestic product report, which is expected to show the economy staging a relatively modest recovery after contracting at the end of last year," Karl Schamotta, ​chief market strategist at Corpay Cross-Border Solutions, said in a note. "Paired with evidence of soft ​labour markets and weak demand-led inflation, this growth backdrop should give the Bank of Canada room ‌to ⁠await clearer evidence of a shift in economic direction before moving again."

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