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CAD: The Flavor Of The Month

Published 02/29/2016, 11:24 AM
Updated 05/14/2017, 06:45 AM
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  • Oil finished the week at more than 32.5 USD/bbl.—an impressive increase of 10.50%. Although it may seem counter-intuitive, recent market developments have created an interesting opportunity to fix the price of fuel.
    • The Canadian dollar is certainly the Flavor of the month: for a sixth consecutive week, our loonie has strengthened relative to the American dollar.
    • Regarding economic news, the biggest story last week was the flurry of strong data from our southern neighbors, capped off by a surprise upward revision of fourth-quarter GDP.

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