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Selasa, 31 Mei 2016

Rate spreads are driving CAD, not oil - CIBC

CIBC on the Canadian dollar

CAD: Rate Spreads Taking Over From Oil.

No economic news was good news for the Canadian dollar this week, particularly with oil prices rebounding further and the BoC coming out with a very balanced statement. However, with the data continuing to point to a softening Q2 in Canada and the US economy turning around sharply, there’s scope for interest rate spreads to move in favour of the US.





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