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Even with the elections effectively out of the way, Congress still doesn’t have a stimulus plan

By MoneyWay | Nov 17, 2020

As the coronavirus numbers mount across the USA, Congress refuses to look out its windows to the impact that is taking place. There hasn’t been an aid package of any form since the initial onset of the pandemic. Republicans and Democrats might as well be made of stone as neither side has budged from their positions.

Equity markets are down slightly, holding steady.

The USDCAD is a bit weaker in tandem to the equity markets, Canada’s housing starts moving higher as more people move to the suburbs.

Expect the USDCAD to have a narrow range the rest of the day.

Currently             Close                     Range

USDCAD               1.3105                   1.3072                   1.3063-1.3116

EURCAD               1.5545                   1.5494                   1.5497-1.5583

GBPCAD               1.7358                   1.7243                   1.7247-1.7385

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