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Canadian Dollar Morning Update — May 22, 2020

China, China and China. The Canadian dollar is down 0.4% and it has everything to do with news out of and about China. First trade and geopolitical challenges between China And the US keep surfacing. Second, China has for the first time ever revamped its official annual growth rate expectations. Finally, China is taking an ever more activist role in Hong Kong. All of that has the US dollar trading up broadly, including against the Canadian dollar.