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Comment: Since 2001 the Canadian dollar has been, along with the Swiss franc and Japanese yen, one of the top performing currencies, though looking at price action over the last two years many would find this hard to believe. We see this as essential consolidation as investors and traders get used to the idea of parity between the US dollar and its northerly neighbour, as we hold two standard deviations below the very long term mean (C$0.9700) which happens to be just above the mid-1970’s low


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