Canadian Dollar Weakens on IMF Forecast, Crude Oil

Apr 10,2019 00:40   Source:Earnforex
The Canadian dollar is weakening on Tuesday after the International Monetary Fund (IMF) published a bearish report on the Canadian economy. The loonie endured additional pressure on tumbling energy prices, which is never good news for a country whose main export is crude oil. On Tuesday, the IMF slashed its growth estimate for Canada, projecting that the gross domestic product (GDP) will expand just 1.5% in 2019. This is down […]

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