CANADA FX DEBT-C$ falls on GDP miss; posts biggest monthly gain in nearly a year - NewsBreak

(Adds strategist quote and details throughout; updates prices) * Canadian dollar weakens 0.3% against the greenback * Loonie advanced 2.4% for the month of October * Preliminary estimate shows GDP unchanged in September * Canadian 2-year yield rises 5.9 basis points to 1.073% By Fergal Smith TORONTO, Oct 29 (Reuters) - The Canadian dollar fell against its broadly stronger U.S. counterpart on Friday as domestic data showed that economic growth likely flatlined in September, but the loonie still notched a gain for October, snapping a four-month losing streak. The loonie was trading 0.3% lower at 1.2380 to the greenback, or 80.78 U.S. cents, after trading in a range of 1.2329 to 1.2408. "It is basically a combination of weaker Canadian data and a broad-based rally in the USD to end the month," said George Davis, chief technical strategist at RBC Capital Markets. A preliminary estimate showed that GDP was unchanged in September after rising 0.4% in August. The August gain was less than the