August 31, 2015

    CAD Slides on Back of Oil Prices and Fundamental Releases

    By / August 31, 2015

    CAD is down and underperforming its peers into the open today on the back of pressure on oil prices as well as a negative data release. Current Account numbers came out a miss at -17.4B vs. the expected -17.2B. There is considerable risk throughout the week with a number of important domestic fundamental releases with… Read more

    Crude Shows Biggest Single-Day Gain in 6 Years

    By / August 28, 2015

    After showing some strength into the end of session yesterday and overnight, the CAD has retraced much of its gains and is now sitting at levels seen earlier in the week. Limited data out of Canada with only RMPI numbers being released has left the CAD vulnerable to the broader tone, as well as news… Read more

    CAD Gives up Early Gains on Positive US GDP

    By / August 27, 2015

    The CAD has given up the majority of its early morning gains with some positive fundamental data coming out of the US. With a lack of domestic news today and only RMPI numbers being released tomorrow, the most important piece remains oil and its 7% rally since Monday’s multi-year lows. Analysts are now hinting to… Read more

    CAD Flat as Market Digests Softening Fed

    By / August 20, 2015

    CAD is flat from the close yesterday after having made overnight losses which have since been retraced. Oil is testing a multi-year $40 low after having closed under $41 for the first time since 2009. Some stabilization has been seen from relative policy expectations softening out of both the US and Canada after yesterday’s FOMC… Read more

    Crude Hits New Lows on Inventory Increase

    By / August 19, 2015

    CAD is soft again having lost much of its early morning gains on some in-line US data. A lack of domestic news yet again has left the CAD vulnerable to the broader market forces and the upcoming FOMC minutes. CAD would be expected to fall with a hawkish tone, but we could also see some… Read more

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