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Growth Dollars under pressure
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Growth Dollars under pressure

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Growth Dollars under pressure

Like a phoenix, the CAD has risen from its lowest level in almost two weeks outright on increased demand for this particular higher-yielding growth currency. The Fed acknowledged that US economic growth “strengthened somewhat” in the third-quarter, giving global equities and commodities a boost. This is always favorable for growth sensitive currencies, especially one that have such a strong trade association with the US. Strong private employment numbers down south suggests that the US may skate a recession. Tomorrow, the [...]

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