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Market Impact: 0.22

Canadian dollar edges higher as trade data boosts growth outlook

Currency & FXEnergy Markets & PricesEconomic DataTrade Policy & Supply Chain

The Canadian dollar edged higher vs. the U.S. dollar on Tuesday as oil prices rose and Canada’s trade data reinforced signs of a Q2 economic rebound. The move appears incremental rather than trend-breaking, driven by supportive macro data and energy price tailwinds.

Analysis

The Canadian dollar edged higher vs. the U.S. dollar on Tuesday as oil prices rose and Canada’s trade data reinforced signs of a Q2 economic rebound. The move appears incremental rather than trend-breaking, driven by supportive macro data and energy price tailwinds.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.15

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