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The Canadian Dollar

The Canadian Dollar (or Loonie as its referred to in FX land) has remained firm over the last 3 quarters which is an encouraging read through for the Resources Sector due to the CAD’s dependency on raw materials, just like Australia.

NB The CAD’s nickname is derived from the picture of a solitary loon on the reverse side of the coin i.e. a bird found throughout Canada.

MM’s is bullish the CAD
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The Canadian Dollar
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