Canada Gross Domestic Product Annualized (QoQ) below forecasts (2.4%) in 3Q: Actual (2.3%)

The International Monetary Fund (IMF) yesterday decided to allow the Chinese yuan also known as renminbi to enter the prestigious reserve currency basket. The IMF’s decision described as "an important milestone" for the Chinese economy was also supported by the U.S. The decision that will come into effect on 1st October 2016 has paved the way for yuan to join the US dollar, euro, Japanese yen and British pound as a special currency in the IMF’s special drawing rights (SDR) basket.