China and Canada have recently expanded their cooperation in financial and energy sectors. These are the results of Steven Harper’s official visit to China.
Diversification is Canada’s external trade priority, the Prime Minister said during the press conference in China. The focus is on such key sectors as natural resources, energy sector, education and tourism.
Wen Jiabao, Premier Minister of China, expressed satisfaction over the cooperation between China and Canada, hoping for tighter cooperation, including the expansion of Canada’s export of energy carriers to China.
The Canadian Dollar has suspended its strengthening. It has already completed wave 3 or C inside a long-term downswing. According to the Department of Masterforex-V Trading System , the current rally well may be sub-wave 4 or B(C ) against the downswing. Once the MF sloping channel and pivot 1.0103 are broken, the 4th sub-wave scenario will be canceled. A break below 0.9924 will trigger the forming of wave 5 inside wave C or sub-wave A inside the “Hound of the Baskervilles” pattern by Elder/MF.
