Collapse of the U.S. Dollar

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Wow the Canadian dollar has been on a tear lately. Right now the Canadian dollar is trading at 1.104 against the USD. This is thanks to China diversifying it's foreign reserves sending international currencies higher against the USD. The move comes after the major surge yesterday in the Canadian dollar after the Bank of Canada did not signal that they would be cutting interest rates anytime soon.

With oil approaching almost $100 a barrel and gold prices rushing to new highs, could this be the early stages of an economic slowdown?

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