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Daily Archives: Jan 17, 2017

Canada’s recovery at risk in ‘twilight zone’ of low oil and rising loonie

Following the recent crude oil price rally, economists say Canada’s economy risks getting caught in a bind where oil prices are not quite sufficient however the loonie is not very reasonable enough. Canada’s dollar has already established a strong rebound in the past month, rising from about 68 cents from the U.S. dollar to 76 cents by Monday. Oil prices ...

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