Canadian Dollar Rises on Crude Rebound, Boost in Labor Productivity

Jun 07,2019 02:41   Source:Earnforex
The Canadian dollar is strengthening on Thursday, driven by the rebound in crude oil prices and an increase in quarterly labor productivity. Manufacturing and trade data were also published, contributing to the near-term direction of the loonie. Despite the disappointing numbers as of late, Canadians are less pessimistic about the economy, especially after the US recently lifted tariffs. On Wednesday, crude slipped into a bear market as oil prices cratered to a six-month low. But prices are beginning […]

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