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CAD/USD’s Gains on Good GDP Report Short-lived

Canadian dollar is back down against the U.S. dollar after reaching session-open levels on Tuesday morning on a better-than-expected July GDP report.
Canada’s gross domestic product shot up by a larger-than-expected 0.7% in July, well ahead of the consensus estimate of analysts, according to figures released Tuesday by Statistics Canada. Analysts had been expecting a month-over-month [...]

January 2009
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