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CAD review

A buoyant loonie held in close range of three-month highs against its U.S. counterpart, supported by an underperforming greenback and the past month's stabilization in oil prices. 

And little Canadian economic data this week helped keep close to the surface last week's solid retail sales report which was the strongest in months. 

Moreover, the door to a BOC rate cut appears to be closing, another factor supportive of the Canadian currency.

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