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CAD review

Western Union:

The loonie fell to six-week lows against its reinvigorated U.S. counterpart. Lots of risk on tap for the loonie this week with a Bank of Canada decision due tomorrow and Friday numbers on first quarter growth. 

Should the events serve to reinforce Canada's low interest rate outlook for the foreseeable future the Canadian unit could quickly take a crack at multi-year low levels closer to C$1.30.

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