Fundamental:
-. Weaking oil demand (petroleum sector account for roughly 10% of Canadian GDP)
-.One million Canadians lost their jobs in just one week in March. Millions more have applied for the Canadian Emergency Response Benefit, or CERB
-. IMF expects Canada's GDP to shrink by 6.2% vs Japan 5.2%
Techincal:
Forming bearish pennant
-. Weaking oil demand (petroleum sector account for roughly 10% of Canadian GDP)
-.One million Canadians lost their jobs in just one week in March. Millions more have applied for the Canadian Emergency Response Benefit, or CERB
-. IMF expects Canada's GDP to shrink by 6.2% vs Japan 5.2%
Techincal:
Forming bearish pennant
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.