February 29, 2016

    CAD Retraces Early Losses on Negative US News

    By / February 29, 2016

    The Canadian dollar started the morning under slight pressure and underperforming most, but has since retraced the losses incurred. News out of Canada was positive but only slightly so with Current Account beating the -16.8B expectation coming in at -15.4B. RMPI numbers beat their -3.2% forecast but still came in negative at -0.4% while IPPI… Read more

    CAD Consolidates After Significant Rally

    By / February 26, 2016

    The Canadian dollar has settled in the best range we have seen this calendar year. Yesterday’s 2% rally was somewhat unexpected with no fundamentals supporting it and only marginal rises in crude prices. This rally caps a gains of almost 3.5% since Wednesday. No news again today will leave the CAD vulnerable to outside influences… Read more

    CAD Rallies Despite Positive US Fundamentals

    By / February 25, 2016

    The Canadian dollar has made substantial gains into the open, defying positive news out of the US. The price rally in oil helped initiate CAD’s recent strength and with no major data releases out of Canada until the 29th (current account) the CAD will be vulnerable to crude as well as overall market sentiment.  … Read more

    Early CAD Weakness Retraced on Oil Rally

    By / February 24, 2016

    The Canadian dollar has retraced much of its early morning losses on some negative US news. Pricing has become disconnected from fundamentals as of late and is relying mostly on oil prices and overall sentiment for any sort of movement. Crude oil inventories came in a 3.5M barrel build, greater than the 2.0M barrel expectation…. Read more

    CAD Falls on Relative Policy Sentiment

    By / February 23, 2016

    The Canadian dollar has fallen around a full cent since yesterday’s close on a news free morning. Although crude oil has continued its rally this morning the CAD is struggling into the open falling below levels seen to open the week. This week is a very quiet one for fundamentals out of Canada, which leaves… Read more

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