CAD Finds Footing After BoC Driven Losses

By / September 28, 2017

Thursday, September 28, 2017 Good morning, The CAD is consolidating and retracing some of its Poloz driven losses into the open today.  Yesterday’s comments from BoC Governor Poloz saw the CAD drop sharply over a full cent.  News was again quiet this morning with the next fundamental release coming in tomorrow morning’s GDP and RMPI releases. The USD… Read more

CAD Retraces Losses and Trades in Range

By / September 26, 2017

Tuesday, September 26, 2017 After starting off the morning soft and testing fresh lows, we have seen the CAD bounce back to levels seen throughout the day yesterday.  News was again absent leaving the Loonie responding to sentiment and crude, which has now settled in the mid-$51 range. The USD has seen broad strength into the North American… Read more

CAD Quiet to Start Trading Week

By / September 25, 2017

Monday, September 25, 2017 The CAD is fairly quiet into the North American open but up slightly on the day.  News was absent today with no fundamental releases to report on out of Canada.  Releases are scarce out of Canada until Wednesday when Poloz has booked not only a speech but also a press conference following his speech…. Read more

CAD Trends Higher After Fed Driven Losses

By / September 21, 2017

Thursday, September 21, 2017 Good morning, The CAD has shown little change overnight moving up about a quarter cent after suffering substantial losses yesterday after the Fed announcement.  Impressive fundamental news has done little for the CAD as far as strength.  Wholesale Sales came out well above the expected -0.7% reporting at 1.5%. The USD is mixed after… Read more

CAD Trades Higher Ahead of FOMC Decision

By / September 20, 2017

Wednesday, September 20, 2017 Good morning, The CAD is up slightly but fairly quiet overall ahead of the highly anticipated Fed meeting later today.  No news to report on out of Canada is leaving the CAD reliant on the path of crude as well as the verbiage out of the FOMC.  Crude has settled right at the $50… Read more

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