We start the week with Toronto, Canada’s largest city, under lockdown for at least four weeks. While it is only one city, and we have all now learned to live…
The Canadian dollar is down 0.2% this morning giving up yesterday’s gains. The Loonie continues to trade in the middle of where it has been trading for the last few…
Inflation figures in Canada came in higher than expected, though they remain muted. Year over year, prices rose in October by 0.7%, largely as a result the increased cost of…
Since the onset of the pandemic, the Canadian dollar has been more correlated to stocks than any other asset class. More specifically, it has had the highest correlation to broad…
We started last week with news of a highly effective vaccine being developed by Pfizer. This week, we start with an even more effective vaccine in development by Moderna. The…
The foreign exchange markets are relatively quiet this morning with the Canadian dollar flat against the US dollar. The Loonie has had an interesting week. It hit a two year…
The Canadian dollar is weaker by 0.5% this morning and is the weakest of the major currencies. The move is somewhat unusual given the US dollar index is unchanged and…
The US dollar is up 0.2% against the Canadian dollar this morning. But the Canadian dollar is actually outperforming other currencies as the US dollar index (USD against major trading…
After yesterday’s big moves on euphoria about a vaccine, the markets are a little calmer this morning. The optimism about the beginning of the end of the pandemic remains. But…
The Canadian dollar and other risk-friendly assets are getting a triple boost this morning. First, there is news of a 90% effective vaccine from Pfizer and BioNTech. Second, this is…