Excerpt from: Spread Betting North American Financial Markets
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| September 05, 2008 | | Spread bets and CFDs on currencies | Spread betting and contracts for differences on North American markets should consider that Canada is doing fairly well today. Even as U.S. payroll data spells a grim outlook in the States, Canada is showing something close to the opposite.
In Canada, the payroll data is much more upbeat, with the Canadian economy continuing to add jobs. This news, combined with the bad news out of the U.S., is helping boost the Canadian dollar in forex trading.
Additionally, a weaker dollar will likely mean a boost for commodities, which should also help the Canadian dollar, since it is a commodity currency.
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