CAD Slides Ahead of Tomorrow’s FOMC

By / December 12, 2017

Tuesday, December 12 2017 The CAD is down again and struggling ahead of tomorrow’s highly anticipated Fed rate announcement. News was again non-existent this morning with any movement due to position adjustments as well as the path of crude. WTI has settled in the upper $57 range. The USD is strong and making gains against… Read more

CAD Flat to Open Week

By / December 11, 2017

Monday, December 11 2017 The CAD is down slightly on the day but is relatively flat from the open this morning. No news to report on to start a week absent of any fundamental releases. The lone Canadian event on the week comes in Thursday’s speech by BoC Governor Poloz. The USD is mixed to… Read more

CAD Down Again to End Week

By / December 8, 2017

Friday, December 8 2017 The CAD is soft again consolidating the losses we have seen over the past week. News was limited to second tier Housing Starts and Capacity Utilization Rate which were both beats of 38K and 0.2% respectively. The USD is strengthening against most of its notable peers with fundamentals impressing this morning…. Read more

CAD Continues Losses into Open

By / December 7, 2017

Thursday, December 7 2017 The CAD has continued to slide overnight and into the North American open with investors digesting yesterday’s BoC rate hold and verbiage. Positive fundamentals out of Canada have done little to curb this tumble. Building Permits impressed coming in over double the 1.7% forecast at 3.5% while Ivey PMI was a… Read more

CAD Slides After BoC Holds Rates

By / December 6, 2017

Wednesday, December 6 2017 The CAD has tumbled over a full cent this morning after the Bank of Canada rate announcement. The BoC held rates steady as most investors assumed they would, but we have seen a sell-off of the CAD into the open. There was little insight given into the future path of the… Read more

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