Canada Dollar Trades Near Five-Month High on Growth Outlook
Canada's dollar traded near its strongest level in almost five months as investors bet the nation's economy will be among the strongest during the recovery...
With trade data out tomorrow ahead of Friday's employment data, a lot of players may be in ‘wait and see' mode given much of this dollar-Canada move has been on more bullish Bank of Canada rate expectations," Sacha Tihanyi, a currency strategist at Bank of Nova Scotia in Toronto, wrote in an e-mail. "A very good employment print will push these expectations and help drive dollar-Canada even lower."
Bloomberg
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