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I concur totally with Lawrence on this point. Sometime last year, I contributed an article to The Methodist Message, a weekly newsmagazine published by Board of Christian Literature (SCAC)
www.sarawakmethodist.org/weilibao on the outlook of Canadian Dollar.
I put it that CD and oil price move in tandem, the basis of which is the richness of Canada in oil.
As international oil price jacks up, CD follows suit by strengthening against Greenback, Yen or Euro.
Lawrence went on to share with me the oil-driven growth of Canada.
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