Equities are moving closer to their highs of the year, as upbeat economic reports from China to Europe and renewed hopes for a Sino-U.S. trade deal attracted investors to riskier assets. President Trump’s top economic adviser Larry Kudlow told reporters, the U.S. and China are making “good headway” in trade negotiations but unready to reach a deal and hope to get closer this week.
The Canadian dollar remains basically unchanged as oil prices took a bit of a breather, theoretically, the Canadian dollar should be stronger to the USD, however, until the Canadian economy starts to define which way its going, investos will remain nervous.
Currently Close Range
USDCAD 1.3322 1.3337 1.3296-1.3353
EURCAD 1.4968 1.4943 1.4924-1.4996
GBPCAD 1.7525 1.7511 1.7486-1.7581
US: ADP employment report March 183K 129K
ISM Non-Mfg Index March 59.7 56.1
Petroleum Status Report wk 3/29
Crude oIl 2.8M Brls 7,.2M Brls
Gasoline -2.9M Brls -1.8M Brls