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CAD resilience relative to AUD & NZD unlikely to last

We expect appetite for risk and monetary policy to continue to be more important factors than commodity prices in determining the direction of the Aussie, Kiwi and Loonie. With that in mind, we think that the relative resilience of the Loonie so far this year won’t last in the final quarter. But all three currencies will stabilise in 2020 in our view.

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