FXstreet.com (Barcelona) - Canadian Gross Domestic Product grew in the third quarter of the year after three consecutive quarters of declines, the Canadian Dollar, however, has remained steady, as GDP grew at a slower than expected pace.

GDP rose 0.4% year on year from July to September, following a 3.1% decline in the second quarter, upwardly revised from the 3.4% decline previously estimated. Market analysts expected a 1% advance, whole the Bank of Canada forecasted a 2.0% growing pace.

USD/CAD has remained moving between 1.0550 and 1.0590 during most of the European session, consolidating after Friday's decline from 1.0750 3-weeks high.