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USD/CAD Loonie Appreciates Despite Lower Oil Price

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Canadian Current Account Deficit Shrinks in Third Quarter The Loonie was higher versus the USD after the Canadian current account balance posted a 16.2 billion deficit. The deficit shrank from last quarter’s 16.6 billion. The deficit was expected to improve after the CAD has depreciated against the USD in favour of the Canadian Trade balance. The flow of cross border investment was higher mining the effect of the weaker loonie on the current account. The Loonie has fallen 15.13 percent year to

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