April 28, 2017

    CAD Continues Losses to End Week

    By / April 28, 2017

    Friday, April 28, 2017 Good morning, The CAD is breaching new lows yet again this morning as fundamentals failed to impress.  RMPI numbers missed the -0.4% mark coming in at -1.6% while the big news of the day was the miss in GDP showing zero growth vs. the 0.1% forecast. The USD is mixed again and trading within a relatively tight range vs most of the G10 counterparts.  News was mixed with Advance GDP missing the 1.3% forecast… Read more

    CAD Touches Fresh One Year Low

    By / April 27, 2017

    Thursday, April 27, 2017 Good morning, The CAD has touched a fresh one-year low after bouncing off gains seen overnight.  A moderation of NAFTA concerns has been seen with President Trump saying that he will leave the trade agreement as is for now.  No news out of Canada this morning leaves any volatility relying on crude and overall sentiment. The USD is mixed but surging against the CAD this morning.  News was mixed but negative overall with a… Read more

    CAD Retraces Some of the Week’s Losses

    By / April 26, 2017

    Wednesday, April 26, 2017 Good morning, The CAD has retraced some of yesterday’s substantial losses up over half a cent from the lows we saw Tuesday.  News was mixed out of Canada with Core Retail Sales coming in just ahead of the -0.2% forecast at -0.1% while Retail Sales were a massive miss reporting at -0.6% vs. the expected 0.0%. The USD has given up much of its Trump fueled gains after starting the morning climbing against most… Read more

    USD Surges to 14 Month High

    By / April 25, 2017

    Tuesday, April 25th, 2017 Good morning, The CAD has fallen over a cent against the USD since yesterday morning.  Newly imposed tariffs on softwood lumber as well as the threat of more taxes on Canadian dairy products have provided the catalyst for this move.  The EUR has also catapulted to the highest levels seen since November 2016 against the CAD. For great rates and full security on your funds, please contact your nearest Olympia Trust Company Foreign Exchange office… Read more

    CAD Gives up Early Gains, Trades Within Recent Range

    By / April 24, 2017

    Monday, April 24, 2017 Good morning, The CAD has lost its early morning gains and now trades in the range seen at the end of last week.  Fundamental news disappointed with Wholesale Sales numbers out of Canada coming in well below the expected 2.1% at -0.2%. The USD is mixed but has recovered from its early morning weakness against most of the major currencies.  No fundamental news to report on this morning with only speeches from Fed member… Read more

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