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Trudeau Says Canada Dollar in ‘Comfortable’ Range After Decline
Prime Minister Justin Trudeau said the Canadian dollar is in a "comfortable" range after the currency’s historic three-year depreciation. After reaching parity with the U.S. dollar three years ago, the currency declined an unprecedented 25 percent, touching a 13-year low at the beginning of the year. It has rallied 11 percent since Jan. 20. "The Canadian dollar has bounced around a bit," Trudeau said in an interview in New York with John Micklethwait, editor-in-chief of Bloomberg News . "There’s a range in which it is comfortable and we tend to be in that now." The loonie, as the Canadian dollar is known for ... (full story)
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