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  • The Canadian dollar weakened slightly against its US counterpart, but remained supported above the 0.92 US handle as geopolitical tensions outweighed disappointing Canadian manufacturing shipments data. The loonie declined 0.06 percent to 0.9207, after hitting an intraday high of 0.9220. The loonie is on pace for a weekly gain of 0.7 percent. In economic data,

  • Mixed US data and higher oil prices helped lift the Canadian dollar for the second consecutive day, extending its weekly gain against its US counterpart to 0.7 percent. The Canadian dollar rose to an intraday high of 0.8223 US. It later consolidated at 0.9216, advancing 0.15 percent. The loonie is on pace for a weekly

  • The Canadian dollar edged higher against its US counterpart Monday amid signs Canada’s housing sector remained elevated in May. The Canadian dollar advanced 0.1 percent to 0.9161 US. The loonie was under pressure last week after the Bank of Canada repeated concerns about downside risks and weak exports at its June policy meetings. Although the

  • The Canadian economy faces strong headwinds in 2013. Volatile commodity prices, waning demand in emerging markets and weak growth outlooks have placed considerable strain on Canada’s relative performance. In response, the Bank of Canada has been forced to cut growth forecasts, as the nation’s domestic economy slows amid global pressure.  The one bright spot, however,