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CAD review

Western Union notes:

Headed back below C$1.20? The loonie edged closer to a key psychological level against a weaker U.S. currency. 

The loonie has drawn steady support recently from better data on Canada's job market, resurgent oil prices above $60 and the still cloudy outlook for U.S. interest rates. 

The current market remains highly favorable though, considering the loonie started 2015 below C$1.17.

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