Financial Post: Canadian dollar avoids falling below the critical level of 70 cents U.S. — for now

"In theory, the decision (on CUSMA) adds to the headwinds facing the loonie from a weak economy, falling oil prices and a neutral Bank of Canada," Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions, a corporate payments company, said in a note on Thursday. "But the move was well telegraphed, and may already be priced in, indicating the risk profile facing the currency may not be as negative as some have suggested."

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