Canadian dollar has been suffering as oil prices tumbled and gold remained near its bottom. The BoC surprised markets and dropped its lending rate earlier this week. The Canadian Dollar came under pressure from a fall in crude oil prices. The value of the commodity fell as worries increased that oil production in Organization of Petroleum Exporting Countries (OPEC) increased to a two-and-a-half year high of 31.22 million barrels per day. Production in the US is also expected to continue to incre…
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