Thomas Mulcair, Leader of the New Democratic Party of Canada, assumes that entire country has to pay for Alberta’s wellbeing. Alberta is Canada’s oil-producing province. The oil tycoons get richer as the Canadian Dollar appreciates. However, this affects other industries in Canada.
According to him, over the 6 years the Democrats have been in power, over 500K people have lost their jobs. He says this is a major issue that cannot be ignored. It is necessary to make the Canadian economy less dependent on mineral resources and to boost the country’s manufacturing production.
Forex.
In the meantime, USDCAD is being traded in the 1,0066-0,9922 range formed by an upswing - wave А/В of wave level Daily. According to the experts of the rally may resume in the form of the “Hound of the Baskervilles” pattern by Elder/MF. To do that, the price will have to overcome the resistance at 1,0066. A major downtrend will become probable if the price breaks below the MF pivot 0,9922, with a bearish FZR below it (as shown below):
