Interchange Financial

Expected USD/CAD Range: 1.024 – 1.030

Recent Developments: Slightly higher than expected industrial price figures in Canada this morning barely moved the Loonie. The Canadian Dollar remains at one month highs with all eyes now focused on the Fed announcement tomorrow and any clues it might provide as to when the US central bank intends to “taper” its monetary stimulus programs. Also, tomorrow Canadian GDP figures could be a catalyst for a move.

The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …

Expected USD/CAD Range: 1.026 – 1.031

Recent Developments: The Canadian Dollar should be generally stable and trading at one month highs with a light economic calendar early in the week. The market is focused on the Fed announcement on Wednesday where there could be additional indications as to the timing of the expected “tapering” of monetary stimulus. Also, on Wednesday we will get a monthly reading on Canadian GDP figures. We do not expect the HBC deal announced this morning to have anything other than minor and temporary impact on the loonie.

The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …

Expected USD/CAD Range: 1.026 – 1.033

Recent Developments: The Canadian Dollar continues to hover at one month highs against the greenback. Data from the US remains mixed with housing numbers yesterday morning very strong and jobless figures in line this morning.

The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …

Expected USD/CAD Range: 1.026 – 1.033

Recent Developments: The Canadian Dollar continues to hover at one month highs against the greenback. The North American economic calendar is light with the only notable item being US New Home Sales to be released at 10 this morning. After that the market will be focused on tomorrow’s US jobless figures. We expect little volatility for the day in the Loonie.

The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …

Expected USD/CAD Range: 1.028 – 1.035

Recent Developments: Strong retail sales figures in Canada and weaker than expected manufacturing figures in the US (all released this morning) have propelled the loonie to its strongest level in about a month. Other factors causing the short term strength are the recent strength in the price of gold as well as the market’s evolving view as to the expected timing of Fed tapering. The market is now focused on US jobs numbers out later this week.

The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …