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Canada dollar outlook brightens with stable domestic economy: Reuters poll

From reuters.com

Canada’s dollar has fallen about 2% since hitting a nine-month peak of 1.3016 per U.S. dollar on July 19 as oil prices declined and investors became more worried about the trade war between the United States and China. Canada runs a current account deficit and exports many commodities, including oil, so its economy could be hurt by an escalation of trade tensions. “At the moment, there is enough support there for the loonie to weather the storm,” said Simon Harvey, FX market analyst for Monex Europe and Monex Canada. “We believe that current domestic conditions are stable within Canada and support the neutral ... (full story)

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