October 26, 2017

    CAD Continues to Struggle Post BoC

    By / October 26, 2017

    Thursday, October 26, 2017 Good morning, The CAD showed signs of settling after yesterday’s BoC meeting but has since continued its slide.  Fundamental news was absent this morning and is for the remainder of the week.  Expectation for further tightening this year has softened and we should continue to see a further CAD correction. The USD is strong into the open today finding momentum from not only Cad softness but also a dovish message from the ECB.  Unemployment… Read more

    CAD Tumbles on BoC Rate Hold

    By / October 25, 2017

    Wednesday, October 25, 2017 Good morning, The CAD has tumbled again this morning after the BoC rate announcement.  The Central bank announced this morning that they would be holding the overnight rate steady and advised that future rate hikes would be taken with caution.  Later this morning we have a press conference with Governor Poloz, which may give us a deeper insight into the future moves we may see from the BoC. The USD started the morning of… Read more

    CAD Quiet Ahead of Fiscal Report and BoC

    By / October 24, 2017

    Tuesday, October 24, 2017 Good morning, The CAD is relatively quiet but holding onto its soft undertone ahead of today’s fiscal report as well as tomorrow Bank of Canada rate decision.  News was absent out of Canada leaving the focus on Morneau’s talk later on today.  Tomorrow’s BoC is not expected to bring about a change in interest rates, it should however it should give a good insight to the future path of the central bank as well… Read more

    CAD Continues to Struggle to Begin Week

    By / October 23, 2017

    CAD Continues to Struggle to Begin Week Monday, October 23, 2017 Good morning, The CAD is starting the trading week off as it finished last week, falling against most of the G10 pairs.  Wholesale Sales numbers disappointed coming out well below the 1.1% forecast at 0.5%.  Wednesday’s BoC rate decision will be extremely important with most analysts calling for a hold on current rates. The USD is relatively quiet with many investors waiting on this week’s news to… Read more

    CAD Tumbles to End Week

    By / October 20, 2017

    Friday, October 20, 2017 Good morning, The CAD has fallen sharply down over a fell cent on poor news as well as overall sentiment.  News was disappointing with a slew of CPI data being released this morning.  CPI missed coming in at 0.2% vs. the expected 0.3% while Core Retail Sales was a massive miss coming in well below the 0.3% forecast at -0.7%. The USD is strong finding its strength from not only solid fundamental news but… Read more

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