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Daily Updates

Thursday May 14, 2020 – Canadian Dollar Update

After a volatile day yesterday, the Canadian dollar is now down nearly 1.5% for the week.  The market’s perception of the global recovery (both economically and from a public health perspective) is deteriorating.  Fed Chairman Powell’s warnings about the ongoing dangers to the economy started the selling in equities and all other risk assets including the Canadian dollar.  That trend continues this morning.