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Great week for Loonie bulls as positive geopolitical updates and news of another oil tanker event drove risk sentiment and oil prices up to support the Canadian dollar.

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

 

Canadian Headlines and Economic data

Monday:

Tuesday:

Thursday:

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

Friday: