28
Feb
Ottawa (Rajeev Sharma) — The Canadian dollar (CAD) surged to an 11-day high on Friday, February 27, 2026, as investors focused on robust underlying economic details despite a headline contraction in the country's Gross Domestic Product (GDP). The currency’s resilience comes as a surprise to many, especially following data from Statistics Canada showing the economy shrank at an annualized rate of 0.6% in the fourth quarter of 2025—a figure significantly weaker than the flat growth markets had anticipated. The primary driver behind the headline "GDP collapse" was a massive inventory drawdown, the largest in three years, which acted as a…