Insights

Apr 26, 2018
Oil is Down Slightly, So is the Canadian Dollar

Oil prices have dropped slightly, markets are concerned on whether the U.S. will pull out of the Iran nuclear accord. If so, then oil production in the mid-east will drop significantly and oil prices will subsequently rise. Canada’s Foreign Minister Freeland is staying in Washington for talks on updating NAFTA on hopes of a quick […]

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By MoneyWay
Apr 25, 2018
U.S. interest continue higher, CAD continues weaker

U.S. 10 year bond yields have now cleared the 3.0% benchmark and are now trading at 3.02%, up 20 basis points in the past month, however, Canada’s 10 year bond is at 2.36%, up 17 basis points in the past month. As long as the Bank of Canada remains on the sidelines in regard to […]

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By MoneyWay
Apr 23, 2018
Poloz Comments Adds to a Weaker Canadian Dollar

The Canadian dollar is weaker due to comments from Bank of Canada Governour Poloz and higher U.S. interest rates. Poloz indicated that he was in no hurry to raise interest rates, he believes that the recent spike in inflation is temporary and he wants to maintain a cautious approach even as the US continues to […]

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By MoneyWay
Apr 20, 2018
Canadian Dollar Weaker on Stronger USD

The USD climbed to a two week high versus most major currencies, U.S. interest rates continue to rise on expectations of further hikes by the Federal Reserve. Canada’s economic data reinforces Wednesday’s comments by the Bank of Canada, even though inflation rose at its fastest pace in more than three years. The three core measures […]

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By MoneyWay
Apr 19, 2018
Canadian Dollar Unchanged, Even With Higher Oil

OPEC continues to commit to lower oil inventories, it announced that global levels are dropping faster than expected. Yesterday’s US inventory levels fell below their five year moving average for the first time since 2014. The Canadian dollar has caught in a bit of a tug of war between higher oil prices and the Bank […]

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By MoneyWay
Apr 18, 2018
Weaker Canadian Dollar caused by BOC Announcement

The Bank of Canada released its Monetary Policy Report which shows that Canada’s economic growth has moderated, and the economy is operating close to capacity. While moderation was anticipated, temporary factors – notably, volatility in trade shipments, amplified by transport bottlenecks, and the dynamic response of housing markets to regulatory changes – are resulting in […]

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By MoneyWay

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