November 29, 2016

    CAD Slides on Crude’s Tumble

    By / November 29, 2016

    The CAD has fallen slightly on the back of a crude slide of over 3.5% this morning. Current Account out of Canada was a miss coming in below its -16.4B forecast at -18.3B. Tomorrow’s GDP numbers headline the news for Canada.   The USD is mixed today but up against most G10 currencies on a morning of positive news. Prelim GDP data impressed coming out just ahead of its 3.0% forecast at 3.2%. CB Consumer… Read more

    CAD Slides Even as Crude Continues Gains

    By / November 23, 2016

    The CAD has slide almost half a percent into the open even as crude surged past the $48 mark. Now news to report on out of Canada has left the CAD vulnerable to the broader tone as well as news out of the US. News is light out of Canada for the remainder of the week.   The USD is flat against most of its peers though up against the CAD. A plethora of mostly… Read more

    CAD Makes Gains on the Back of Crude

    By / November 21, 2016

    The CAD has gained just over a cent since the close last week on the back of a surge in crude prices. Speculation on a production freeze or cut at the upcoming OPEC meeting has seen crude prices fly almost 3.5%. No fundamental news out of Canada to begin the trading week leaves any movement to the overall market sentiment as well as the developing story on crude.   News is also quiet out of… Read more

    CAD Loses Gains on Crude and US Sentiment

    By / November 18, 2016

    The CAD has lost most of its gains and sits just above its week low. CPI data was mixed with Core missing the mark at 0.2% vs. 0.3% and CPI in line with the 0.2% forecast. This ends the week of news for Canada, look for any movement to come from the ongoing digestion of the US Presidency.   News is Absent out of the US this morning with only speeches from FOMC members. The… Read more

    CAD Continues Strength Bolstered by Crude

    By / November 17, 2016

    The CAD has made slight gains but is still trading within the range we saw throughout the trading day yesterday. We are seeing support by oil which now trades in the upper $45 range. Foreign Securities Purchases disappointed coming in under their 12.23B expectation at 11.77B.   News is mixed out of the US this morning with most market participants focusing on Janet Yellen’s ongoing testimony. Building Permits as well as Unemployment Claims and Housing… Read more

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