Quotes from Western Union:The loonie was steady, shrugging off persistent oil weakness. Year-end book balancing helped the loonie steady. – A lack of data this week from Canada should cement the loonie's worst year against the greenback since 2008, a decline of more than 8%. – Factors behind the loonie's underperformance include expectations for Canadian interest rate rises to lag the U.S., tepid growth north of the border, and the sharp slide on oil, a key commodity export.
The material has been provided by InstaForex Company – www.instaforex.com