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Title
Current economic conditions.
Abstract
The record rise in the Canadian dollar that began in 2003, which lifted it from 63 cents (US) to 90 cents in the last four years, has stopped in recent months. The exchange rate has been little changed for five straight months. The levelling off was accompanied by stable interest rates and, more recently, a drop in commodity prices. Energy and metals drove the decline in commodities, which led the stock market lower in September after a rally over the summer.