Canadian Dollar Still in Uptrend Ahead of Next BOC Meeting (Daily FX)
Canadian Dollar Still in Uptrend Ahead of Next BOC Meeting Fundamental Forecast for Canadian Dollar: Bearish – Canada added 79,100 jobs in November – Crude oil prices continue to impact the Canadian dollar – Technicals signal potential for USDCAD strength Though the USDCAD pair doesnâ??t really reflect it, the Canadian dollar ended the past week on a strong note after Statistics Canada reported that the nationâ??s economy gained a net 79,100 jobs in November, which brought the unemployment rate down to 8.5 percent from 8.6 percent.
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Canadian Dollar Still in Uptrend Ahead of Next BOC Meeting (Daily FX)
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