October 29, 2015

    CAD Strong on Negative US Fundamentals

    By / October 29, 2015

    CAD is rising again this morning after having given up most of its gains yesterday afternoon. Crude prices have continued to rise and now sit in the mid $46 range. Yesterday’s losses were mostly attributed to a more hawkish than expected Fed announcement which halved the CAD’s gains from the early AM. RMPI numbers out of Canada were encouraging coming out ahead of their expectation of 1.2% being reported at 3.0%. Tomorrow’s GDP numbers will… Read more

    CAD Retraces Losses on Stabilizing Oil Prices

    By / October 28, 2015

    CAD is surging against the USD this morning up just under a cent from the end of trading day yesterday. This comes on the back of stabilizing oil prices after the tumble we saw early yesterday morning. Dep. Gov. Lane’s speech yesterday reinforced last week’s message that the BoC is looking to underlying inflation for its next policy move. Again no domestic releases today as most focus lies on the Fed announcement later on today…. Read more

    CAD Falls on Tumbling Oil Prices

    By / October 27, 2015

    CAD is weak and underperforming most pairs, while testing its one-month low on the back of energy price weakness. Oil has taken a beating this morning and has fallen below the $43 mark for the first time since late August. The only event for the CAD today comes with BoC member Lane’s speech later this morning. The USD is outperforming most currencies this morning on the broader tone, defying weak fundamentals and pushing to one-month… Read more

    CAD Makes Modest Gains on Poor US Data

    By / October 26, 2015

    CAD is quiet but up slightly into the open this week but consolidating close to its multi-week low with a risk to further downside pressure. No news this morning opens up a quiet week for the CAD with the next fundamental release coming in NHPI numbers on Thursday. The CAD will be vulnerable to the broader market tone as well as news out of the US, most importantly Wednesday’s Fed rate statement. The USD is… Read more

    CAD Falls on Negative CPI Data

    By / October 23, 2015

    CAD is weak and has fallen a cent further this morning on the back of negative fundamental news, as well as overall market tone. CPI numbers were both misses with the Core data coming out at 0.2% vs. the expected 0.3%, but most importantly overall CPI numbers coming out a disappointing -0.2% against the expected -0.1%. This shows an even higher contraction of prices than expected and an overall deflation in the economy. The USD… Read more

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