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Daily Archives: Jan 17, 2017

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

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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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