November 29, 2013

    Risk Appetite Rising on Black Friday

    By / November 29, 2013

    Good morning, Currency markets are quiet, while equities and commodities make a push higher even with the quiet trading due to the US Thanksgiving holiday. The Canadian dollar is largely unchanged and continues to test the 5-month low against the US dollar. September GDP rose more than expected in September, matching the August release of… Read more

    USD Testing 5-month High

    By / November 28, 2013

    Good morning, Expect to see muted market movements today with the US on Thanksgiving holidays; however, rates could exhibit some volatility with the reduced liquidity. The IMF has issued a report encouraging the Canadian government to abolish the CMHC program that enables home buyers with high ratio mortgages (less than 20% down payment) to have… Read more

    USD Reaches 5-month High Against CAD

    By / November 27, 2013

    Good morning, The US dollar has surged 50 basis points against the CAD and is now trading at a 5-month high following better than expected US weekly unemployment claims, which dropped to a 2-month low of 316K vs. the expected 331K. Expect these numbers to exhibit volatility as we enter the holiday season. US core… Read more

    US Housing Data Improves

    By / November 26, 2013

    Good morning, US housing and real estate data came in better than expected. October building permits printed at 1.03M, a tidy gain after expectations called for a drop to 940K. The Case-Shiller housing price index also posted a gain, rising 13.3% on a forecast of 13.0%. Rental unit permits exploded while conventional single-family homes showed… Read more

    Iranian Nuclear Deal Weighs on Oil/$CDN

    By / November 25, 2013

    Good morning, The Canadian dollar reached a four-month low against the USD overnight as geopolitical developments weighed on markets the price of Crude Oil, and as a result, the Canadian dollar. News of an agreement regarding the Iranian nuclear program has been announced; Iran will freeze key parts of their program in return of easing… Read more

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