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Canada Growth Skyrockets on Export Resurgence
30A reversal in net exports helped to propel the Canadian economy to an accelerated pace of growth in the third quarter of this year. According to Statistics Canada, expansion in
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Crude Oil Gains Fuel USDCAD Declines
30Buyers snapped up Canadian dollar positions following gains in the WTI crude oil futures contract in the New York session. In electronic trading, the front month benchmark December contract advanced
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USDCAD Remains Below Parity On Positive GDP
30Trading at 0.9963, the USDCAD currency pair continues to fall past parity on a positive GDP report for the world’s tenth largest economy. According to Statistics Canada, gross domestic product
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USDCAD Remains Above Parity Following BOC Report
30According to the Bank of Canada’s quarterly report, economic growth to the Canadian economy may thin out in the next 12 months following stress from the European Union financial crisis
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USDCAD At Parity As Retail Sales Edge Higher
30It was a simple case of buy the rumor sell the news as the USDCAD currency pair jumped up following the announcement of slightly better than expected Canadian retail sales
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USDCAD Declines On Higher Canadian Inflation
30Rising for the second straight day against the US dollar – and the third session of the last four – the Canadian dollar pushed ahead towards parity following an upbeat
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EURUSD, USDCAD Rise On US Housing Improvement
30Both the Euro and Canadian dollar received a boost on the session following upbeat housing starts data for the world’s largest economy. According to the US Commerce Department, starts vaulted
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USDCAD Falls Despite Oil Report
30The correlation between WTI crude oil and the Canadian dollar weakened once again on Thursday. The loonie strengthened even as a US government report showed that the national inventory actually
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USDCAD Consolidates On 1.0250 Short Term Support
30Recently topping out at 1.0656, the USDCAD currency has fallen to trade above the 1.0250 support level. But, will this barrier hold in the short term? Technical indicators point to
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USDCAD Hits 1.0350 Triple Top Resistance
30On the heels of the US dollar strength that was witnessed last week, the USDCAD currency pair vaulted straight through the parity level. Against the US dollar, the Canadian dollar
