USD/CAD rejects 1.40 on first test

USD/CAD hits highest since 2016

USD/CAD hits highest since 2016

Oil is into negative territory, stocks are slipping and the Canadian dollar is along for the ride. USD/CAD rose as high as 1.3995 but offers at the big figure halted the advance and we've peeled back to 1.3955.

I talked about selling the Canadian dollar on BNNBloomberg yesterday.

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