CAD Retraces Early Losses

By / June 23, 2017

Friday, June 23, 2017 Good morning, The CAD has retraced much of its early losses even in the face of disappointing CPI data this morning.  CPI came is at a dismal 0.1% down from the expected 0.2%.  Crude has consolidated again around the $43 mark to end the week. The USD is trading down against most of the… Read more

CAD Surges on Impressive Retail Data

By / June 22, 2017

Thursday, June 22, 2017 Good morning, The CAD surged this morning erasing all of this week’s losses.  News was impressive out of Canada with both Retail Sales and Core Retail Sales numbers beating their expectations by 0.5% and 0.9% respectively.  Crude has also made solid gains today consolidating just over the $43 level.          The USD is mixed… Read more

CAD Falls as Crude Tumbles

By / June 20, 2017

Tuesday, June 20, 2017 Good morning, The CAD has tumbled into the open today as WTI crude has touched a fresh low for the year.  News was relatively limited with only Wholesale Sales numbers doubling their 0.5% expectation coming in at 1.0%.  Crude has fallen over 3% as Libya has added further supply to an increasing surplus. The… Read more

CAD Starts Trading Week off Strong

By / June 19, 2017

Monday, June 19, 2017 Good morning, The CAD is up slightly on the day after retracing some early losses.  No news this morning starts a quiet week with no first tier releases until Thursday’s Core Retail Sales numbers.  Crude has consolidated just under the $45 mark. The USD is mixed into the North American open but overall very… Read more

CAD Slides as the Fed Hikes

By / June 15, 2017

Thursday, June 15, 2017 Good morning, The CAD has lost almost half of its weekly gains on crude breaking down and news from the FED.  News was relatively limited with only Manufacturing Sales reporting a slight beat at 1.1% vs. 0.9%. The USD has climbed in the post rate hike environment.  News was mixed with Empire State Manufacturing… Read more

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