USD/CAD: Disappointing Factory Sales Report Continuing to Weigh on the Loonie

The Canadian dollar is deemed to maintain its weakness opposite the US dollar today as Canadian manufacturing sales registered the largest decline since the Great Recession due mainly to weaker auto production, a drop that suggests growth once again disappointed in the fourth quarter. In contrast, buoyant figures from the US economy are believed to buoy the Greenback to begin the trading week.

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