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Canadian Economy: Not Out of the Woods, But Nearing Exit

posted by Avatar fx360 1491 days ago in CAD, Daily, Oil

Inflation data declined in Canada last month and leading indicators continue to fall, but that has not stopped the ferocious rally in the Canadian dollar. USD/CAD is trading below 1.15 and on its way to challenging its 6 month lows. The strength of the loonie comes entirely from the rally in oil prices. Crude is trading above $60 a barrel
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