The Canadian dollar is again trading at 8 month highs and up 0.2% this morning, in line with a declining US dollar index which is down 0.2%. As we begin…
Read More
Canada’s economy contracted by 39% in the second quarter, suffering its biggest drop on record. The drop was widely expected given the shutdowns and recent data suggests that recovery is…
The Federal Reserve announced a major policy shift this morning, saying that it is willing to allow inflation to run higher than normal in order to support the economy. The…
The Canadian dollar continues to search for direction and remains mostly range-bound between 1.317 and 1.320. While developments in Canada do obviously matter to the USD to CAD rate, at…
Yesterday, after starting the day up against USD, the Canadian dollar gave up a cent over the course of the day to close down 0.4%. In fact, the Canadian dollar…
The US dollar is down 0.3% this morning and back at eight month lows against the Canadian dollar. Once again, the move has much to do with US dollar weakness…
The US dollar decline of the last couple of months has stalled, at least for this week. This morning the US dollar is up 0.8% against a basket of currencies…
Sentiment, which was already slightly negative this morning, has taken a turn for the worse with the release of data showing that the number of people filing for unemployment benefits…
This morning we had some interesting economic data out of Canada. On the one hand inflation is surprisingly anemic (0.1% in July YoY, relative to an expected 0.5%). On the…
Bill Morneau resigned as federal Finance Minister in a surprise move. The reasons are not entirely clear and it is somewhat perplexing that the Minister would resign in the middle…