North American equities are higher with the Dow moving on Boeing’s stock up 7% on Ryanair placing an order for new 737 Max Jets planes. Also, Senate Majority Leader Mitch McConnell said he sees “hopeful signs” for striking a coronavirus stimulus deal before the end of the year. However, the key to the holdup for the stimulus plan to go through is not the amount of money they want to spend but rather Covid-19 liability protections for businesses and universities. Once the pandemic is over, the finger pointing will start and lawyers will be lining up to sue, especially where deaths are concerned and in particularly seniors care homes and hospitals.
The Canadian government has announced that they will likely approve the first vaccine for distribution sometime next week, even though Britain approved its first this week.
The USDCAD has already moved for the day, expect a narrow range the rest of the day.