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Surprise fall for Canadian currency

By Ricky Bean June 16th, 2016

The Canadian dollar fell nearly 1% against sterling yesterday despite encouraging results from the manufacturing sales earlier on. Sales were almost 2% better than last month’s figures and did provide some respite. However, this was short-lived as there are still many concerns surrounding the recovery of the nation’s economy. Bank of Canada Governor, Poloz, has continually preached that the nation will recover alongside their North American counterparts but with total exports down 9.3% since the turn of the year, there are some starting to lose faith.

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