Canadian Dollar Unable to Keep Momentum From Strong Data

Jun 11,2019 14:44   Source:Earnforex
The Canadian dollar is weakening on mixed data on Tuesday. The loonie has been unable to keep the momentum from last week’s stellar economic data, gradually paring its gains against the greenback on the year. The Canadian buck could further weaken over the summer as the central bank is unlikely to put forward an aggressive normalization strategy until at least after the federal election. On the data front, according to the Canada Mortgage and Housing Corporation (CMHC), […]

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