April 29, 2016

    CAD’s Remarkable Rally Continues on Crude

    By / April 29, 2016

    April 29th, 2016 The CAD has continued its strength into the open hitting fresh highs this morning. GDP numbers came out in line with expectation but still showing a contraction of 0.1%. RMPI numbers impressed coming in over their 3.9% expectation at 4.5%. Oil has solidified well over the $46 range which has supported the CAD in this remarkable rally all week.   The USD is under broad pressure and under-performing most of its peers… Read more

    CAD Continues Strength on Oil and US Fundamentals

    By / April 28, 2016

    April 28th, 2016 The CAD has shown considerable strength throughout the week and specifically after yesterday’s temporary post Fed weakness. The CAD now sits just above yesterday’s close and just below the yearly highs that we saw overnight. News is non-existent out of Canada again today with focus remaining on tomorrow’s GDP release.   The USD is soft again with yesterday’s weakness continuing through the European session and into this morning. US GDP grew by… Read more

    Setting up a Corporate Foreign Exchange Account is Easy

    By / April 27, 2016

      Setting up a corporate foreign exchange account for your currency exchange transactions with Olympia Trust is easy. Before any paperwork you can arrange a currency exchange rate comparison to see in real dollars what you will save on each transaction. Once you are satisfied with the savings, an a currency exchange account can be set up the same day, allowing you to transact. There is no cost to open an account and you have… Read more

    CAD Falls on Oil’s Tumble

    By / April 27, 2016

    April 27th, 2016 After showing some early morning strength, the CAD has dropped off considerably after oil tumbled about a dollar. Crude Oil Inventories came out a build of 2.0M barrels against the expected 1.4M, and with yesterday’s API numbers estimating a draw of 1.2M barrels. No other fundamentals this morning leaves all focus on this afternoon’s Fed announcement.   The USD has been under pressure all week but has made its first significant gains… Read more

    CAD Makes Gains on Crude and US Fundamentals

    By / April 26, 2016

    Tuesday, April 26, 2016 The CAD is showing strength on the back of rallying crude, as well as less than stellar news out of the US. News is fairly quiet out of Canada this morning with only a speech from Governor Poloz. News overall is very quiet all week until Friday when GDP numbers are released.   The USD under broad pressure against most currencies, but only down modestly. Fundamentals were disappointing with Core Durable Goods… Read more

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