Canada’s jobs growth likely slowed in February |
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The CAD is trading at a two month high versus the USD and has made substantial gains versus European currencies. The outperformance of the CAD is attributed to recent Canadian economic data that points to a stronger than expected Canadian recovery. Canada’s Q4 GDP rose at its fastest space nine years reported at 5%. Canada also reported stronger than expected housing data, improvement in the manufacturing sector and rising employment. CAD is also supported by BOC policy outlook and rising
Filed under: Fundamental
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