August 31, 2016

    CAD Continues Free-Fall on Crude

    By / August 31, 2016

    The CAD has continued to weaken in an environment largely focused on relative central bank policy. Crude is trading in the mid $45 range falling sharply today after a build of 2.3M barrels of inventory was announced this morning, against the forecast of just 1.1M. GDP numbers out of Canada impressed coming in slightly above… Read more

    CAD Falls Further on Fed Hike Speculation

    By / August 30, 2016

    The CAD has softened and tumbled to a multi-week low since last Friday’s drastic fall. Current account came out slightly better than expected at -19.9B vs. the expected 20.6B. RMPI and IPPI data were mixed with RMPI missing the mark by 1.4% and IPPI beating its forecast by 0.3%.   The USD is continuing to… Read more

    CAD Trading in Range as Crude Falls

    By / August 25, 2016

    The CAD continues to be range bound as it trades around this week’s average. Risk lies with crude which has slipped below $47 per barrel this morning. Corporate Profits were down 3.4% but as a second tier release did little to the path of the CAD.   The USD is consolidating and showing some strength… Read more

    USD Strengthens as Crude Falls

    By / August 24, 2016

    The CAD has fallen off from highs this morning on a fall in crude prices. Crude oil inventories came out a significant build of 2.5M barrels compared with the expectation of a 0.5M barrel draw. Fundamentals out of Canada are non-existent until tomorrow’s corporate profits close out the news week.   The USD has shown… Read more

    CAD Surges on Crude Price Gain

    By / August 23, 2016

    The CAD has stabilized after making considerable gains this morning compared to yesterday’s close, but in the lower end of its one week range. No news again out of Canada is leaving the CAD vulnerable to the market tone towards the Fed as well as crude prices, which have settled in the mid $47’s.  … Read more

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