Big economic themes point to a trade on growth, this strategist says.
China's latest GDP report disappointed more than a few currency investors, but Camilla Sutton, chief currency strategist at Scotia Capital, is focused on the big picture.
"It's interesting. We had disappointing news out of China in terms of their GDP," but that doesn't tell the whole story, she says. "Almost everybody's pointing to the fact that January and February was where the weakness was," and March data actually came in stronger than expected, she told CNBC's Scott Wapner.
Good news out of China is good news for the Canadian dollar, Sutton says, and she thinks the loonie could also be helped by respectable growth, improving employment data, and the likelihood that the Bank of Canada's next pronouncement will be somewhat hawkish.