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Daily Updates

Wednesday May 13, 2020 – Canadian Dollar Update

By May 13, 2020May 14th, 2020No Comments
Sentiment continues to fluctuate wildly as negative news flow from the pandemic collides with the enormous liquidity unleashed on the markets by central banks.  Today, liquidity is on top and risk is in favor again.  US figures suggest a more deflationary environment than forecasters expected and have fueled the view that easy money is here to stay for a long time.  Equity markets are up and the Canadian dollar is up 0.3% from yesterday’s close.