Insights

Nov 27, 2017
Slightly Weaker Oil Prices, Weaker Canadian Dollar

Friday’s oil rig counts were higher than expected, while traders are still a bit unsure if OPEC and Russia can pull off their production cuts, allowed oil to fall 2.4%. Even though global stockpiles have fallen dramatically, the unknown on the horizon is how much the U.S. shale industry can pick up the pace? Experts […]

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By MoneyWay
Nov 24, 2017
Oil Moves Higher, Canadian Dollar Picks Up

Moneyway Analysts Report: Oil (West Texas Intermediate) is now trading at $58.67 USD a barrel, up 1.12%, this morning. The driving force behind its movement is that OPEC and Russia have crafted the outline of a deal to extend their oil production cuts to the end of next year, although both sides are still hammering […]

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By MoneyWay
Nov 23, 2017
USD, U.S. holiday and a weak Canadian retail sales

Moneyway Analysts Report: U.S. holiday, weak Canadian retail sales. Canada’s retail sales although positive were well below expectations of a full 1% rise, giving further evidence that Canada’s economy for the second half of 2017 is slowing. Economists are estimating annualized third-quarter growth of 1.8 percent, down from 4.5 percent in the second quarter. The […]

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By MoneyWay
Nov 22, 2017
Markets waiting for the FOMC, Oil Up, Canadian Dollar Better

MoneyWay Analysts Report: Today’s drop in oil inventories and weaker US economic data allowed the Canadian dollar to gain slightly against the USD. Markets however are awaiting to see what the FED says at 11:00 am our time this morning, expect more of the same with a close eye on the inflation numbers. Expect a […]

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By MoneyWay
Nov 21, 2017
U.S. Thanksgiving holiday Mode Already Kicks In

Moneyway Analysts Report: U.S. Thanksgiving holiday mode already kicks in, Canadian dollar stronger. It looks like traders have already started to flatten their positions as the USD fell against most currencies, but it is still trading within recent ranges. Expect Thursday and Friday to be quiet, due to the holidays and very little U.S. economic data. […]

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By MoneyWay
Nov 20, 2017
Oil drops Below $56 USD and Weaker Canadian Dollor

  Moneyway Analysts Report: Uncertainty on Germany’s new government coalition causes the USD to strengthen and oil prices to drop. German Chancellor Merkel was unable to form a three-way coalition as the pro-business Democrats withdrew from the process. The euro fell slightly, however, if its determined that Germany cannot come to a resolution, then expect […]

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By MoneyWay

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