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Oil once again is the main driver for Loonie pairs this week, first pushing it higher on geopolitical tensions before dropping the pairs on the latest oil inventory data.

Overlay of CAD Pairs: 1-Hour Forex Chart
Overlay of CAD Pairs: 1-Hour Forex Chart

Canadian Headlines and Economic data

Monday:

Tuesday:

Wednesday:

Overlay of CAD Pairs & Oil (Black Line): 1-Hour Forex Chart
Overlay of CAD Pairs & Oil (Black Line): 1-Hour Forex Chart

Thursday:

Friday: