USD.CAD - July 23rd

USD.CAD - July 23rd

Last night the Loonie gained a cent against it's southern neighbour.  The recent gains can be attributed to the BoC saying that the recession is currently over in Canada, coupled with the march up in the price of oil.  Difficulty is that as the pair moves towards parity, Canadian exporters start to feel pain, as almost 80% of all Canada's exports go to the US.

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