Quotes from Western Union:- The loonie drifted below two-week highs hit Tuesday as oil weakened anew, weighing generally on sentiment. On the local data front, Canada got some good news as wholesale trade topped forecasts with a 2.5 percent gain in December compared to forecasts for a smaller rise. – The loonie may struggle to sustain any gains on caution ahead of a Friday report that’s forecast to show Canadian consumer spending ended 2014 with a decline, news that if realized would add to the case for another Bank of Canada rate cut in the months ahead. – The current market remains home to much value for CAD buyers with the loonie having started the year well below C$1.20.
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