CAD Surges on Trump Executive Order Expectations

By / January 24, 2017

The CAD has made significant gains of almost 2% since the beginning of the week on the back of mixed data and executive orders from newly inaugurated Trump. No news out of Canada today to report on has the CAD trading higher with crude which has now settled in the lower $53 range.   The… Read more

CAD Makes Gains to Start Quiet Week

By / January 23, 2017

The CAD has made slight gains and consolidated around levels just above the range seen last week. News is fairly limited with only Wholesale Sales numbers coming out just under its 0.3% forecast at 0.2%. Fundamentals are quiet the rest of the week with no major releases scheduled.   The USD is softening against all… Read more

The BoC Holds Key Interest Rate Steady

By / January 18, 2017

The CAD has suffered slight losses this morning but still trading close to the range that we saw yesterday. Headlining the news this morning was the BoC rate announcement in which Governor Poloz held the benchmark rate at 0.5%. The press conference this morning should give a better insight into the thoughts and plans of… Read more

CAD Makes Gains on Trump Comments

By / January 17, 2017

The CAD has made significant gains off of a broadly weaker USD this morning. We have seen gains of just over 1% on a morning absent of fundamentals. Tomorrow we have the BoC rate announcement where Governor Poloz is expected to hold the key interest rate at 0.5%   The USD has tumbled on statements… Read more

CAD Falls on Crude and Sentiment

By / January 11, 2017

The CAD is falling, down over half a percent from its highs seen overnight on a morning absent of Canadian fundamentals. Crude has fallen to the mid $51 mark on an unexpected build in inventories. Oil inventories rose by 4.1M barrels with the expectation of 0.9M barrels throwing off the crude’s path, bringing the CAD… Read more

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