CAD Climbs to 2-year High on BoC

By / September 6, 2017

Wednesday, September 6, 2017 Good morning, The CAD has surged over 2 cents on the Bank of Canada raising its key interest rate by 0.25% to 1.0%.  Solid job data as well as business growth led to this decision said the bank this morning.  Fundamentals also impressed this morning with Trade Balance numbers coming in just ahead of… Read more

CAD Continues Strength into the Open

By / September 5, 2017

Tuesday, September 5, 2017 Good morning, The CAD has continued to show strength up almost half a cent since the open this morning.  Fundamentals were absent with most of the recent strength being driven by speculation on tomorrow’s BoC announcement.  Chances of a rate hike have continued to rise with about a 50% chance currently priced into the… Read more

CAD Surges to end Trading Week

By / September 1, 2017

Friday, September 1, 2017 Good morning, The CAD is surging on a rising expectation for a rate hike in September by the Bank of Canada.  We have seen a slight retracement from the highs seen earlier this morning, once topping over a 3 cent gain from the lows seen Wednesday.  Fundamentals were limited to second tier Manufacturing PMI… Read more

CAD Rebounds After Yesterday’s Tumble

By / August 31, 2017

Thursday, August 31, 2017 Good morning, The CAD has rebounded well over a cent and is trading within the range seen earlier in the week.  GDP numbers impressed coming in ahead of the 0.2% forecast at 0.3% and showing the fastest growth in Canada in six years.  News for the remainder of the week is limited to second… Read more

CAD Tumbles after Overnight Gains

By / August 29, 2017

Tuesday, August 29, 2017 Good morning, The CAD has fallen over half a cent compared with highs seen overnight and continues to fall.  RMPI out of Canada disappointed coming in below the -0.2% forecast at -0.6%.  Tomorrow’s current account numbers followed by Thursday’s GDP print will be important for the near term trend of the CAD. The USD… Read more

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