USDCAD Tumbles on Sharp Contraction in Canada Service Sector and Weak Demand

The Story

News Summary

Canada's services sector contracted sharply in November, with declining demand, falling new business and staffing cuts, pressuring profitability.
USDCAD tested support levels but overall economic weakness suggests further downside risk.

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Stored market data

1.39 +0.72% over the displayed period

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