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Washington continues to kick the stimulus can down the road, markets don’t like it

By MoneyWay | Dec 11, 2020

The Senate needs to pass a funding bill, and President Donald Trump has to sign it, before midnight tonight to avoid a government shutdown. In order to pass the funding bill, it needs total consent by all senators and if one of them got out of the wrong side of the bed then they can delay its approval. Plus Congress is going into recess till January, that means the second stimulus package wouldn’t happen till after that date, leaving a lot of families in the lurch over the holidays.

The Canadian dollar is a bit weaker to the USD, which is expected as referenced yesterday that it may have been oversold and due for a pop back.

Currently             Close                     Range

USDCAD               1.2770                   1.2737                   1.2719-1.2791   

EURCAD               1.5470                   1.5458                   1.5446-1.5496

GBPCAD               1.6858                   1.6942                   1.6773-1.6963

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