CAD Continues to Trade Sideways

By / February 7, 2018

Wednesday, February 7, 2018 The CAD is trading within a relatively narrow range with fundamentals doing little to curb the sideways trading seen since Monday. Building Permits impressed this morning more than doubling the 2.1% forecast coming in at 4.8%. Crude Oil Inventories showed a build of 1.9M barrels which was less than the expected… Read more

CAD Slides into North American Open

By / February 6, 2018

Tuesday, February 6, 2018 The CAD is down slightly on the day but trading well within the range seen this week so far. Trade Balance numbers were a disappointing release coming in below the -2.3B forecast at -3.2B. While Ivey PMI also missed the mark reporting at 55.2 vs. the expected 60.7. The USD is… Read more

CAD Falls to Open Trading Week

By / February 5, 2018

Monday, February 5, 2018 The CAD is soft and down over a full cent since the highs we saw on Friday morning. No news out of Canada starts a relatively quiet week with regards to news. Tomorrow’s Trade Balance numbers followed by Friday’s employment data headline the week’s news. The USD benefited slightly from PMI… Read more

USD Strengthens on Impressive Employment Data

By / February 2, 2018

Friday, February 2, 2018 With no domestic releases until Tuesday Feb 6, the loonie is at the mercy of external economic data and commodity prices. Headwinds still remain such as future interest rate increases by foreign central banks and re-negotiations of trade agreements such as NAFTA. Oil prices are also down over a percent despite a recent… Read more

CAD Makes Further Gains Post Fed

By / February 1, 2018

Thursday, February 1, 2018 The CAD is rallying again and back in the range of highs we saw yesterday post Fed. News was limited to second tier Manufacturing PMI which reported at 55.9 up from last month’s 54.7. No further fundamentals to report on for the remainder of the week out of Canada. The USD… Read more

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