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Daily Updates

Canadian Dollar Morning Update – Friday May 15 2020

We continue to experience significant intraday volatility.  Yesterday, the day started with the Canadian dollar down slightly but ended up with our currency regaining some lost ground from earlier in the week.  Right now, we are still down 1.1% for the week.  This morning, the sentiment has turned negative again.  This time as a result of renewed trade tensions between the US and China as well as an especially bad retail sales number out of the US.  As perceived economic risk has increased, stocks are trading down.  The Canadian dollar as a risky asset has followed suit.

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