020 7898 0500Yesterday was not the best for the Canadian economy as it suffered a third day of stock losses. It looks as though the rally, led by commodity producers, is beginning to slow down. The rally in crude oil has once again hit a brick wall as Iran and Saudi Arabia debate over output controls.
Today sees the release of Canadian trade balance data, which is expected to be positive for the first time since December 2014. Should this not transpire, we could see weakness in the Canadian dollar.
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