A perfect storm has developed for Canadian Dollar bears. In addition to Oil having risen ~70% from the February 11 low and the US Dollar falling to levels not seen since June, the Canadian economy continues to outperform rivals in terms of economic new releases relative to economists’ expectations.
from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/forecast/weekly/cad/2016/04/30/Canadian-Dollar-Retains-Upside-Risk-on-Consistent-Data-Beats-tofTY.html?DFXfeeds=forex:fundamental:forecast:weekly:cad
Canadian Dollar Retains Upside Risk on Consistent Data Beats
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