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Oil supports C$ but economic unease offsets gains
Imaduddin
05 May, 2016
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Copyright Reuters, 2016
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![](https://i.brecorder.com/images/2016/05/canadian-dollar-april0.jpg">TORONTO/OTTAWA: The Canadian dollar was little changed against the greenback on Thursday as the benefit from a rally in oil was tempered by worries that economic growth could be weaker than anticipated.</P><P>Still, the slight gain was a reprieve after a more than 2 percent drop over the past two sessions as weaker-than-expected trade data released this week has weighed on Canada's growth outlook.</P><P>BMO Capital Markets cut its estimate for first-quarter growth to 2.9 percent annualized from 3.3 percent previously, and its projection for second-quarter growth to 1.3 percent from 1.5 percent.</P><P>)
