The C$ weakened on the back of disappointing GDP numbers this morning, stronger commodity prices should provide support keeping the currency within its recent ranges, while the government seems more focused on issues with China and internal ethics conflicts than the economy. A higher than expected G...

The US$ fell to a new three-week low overnight on news of a lack of success in North Korean nuclear security talks. As well Wholesale Inventories increased to a five-year high yesterday, while Factory Orders fell providing the market with recessionary fears. The market will have confirmation of thos...

The US$ fell to new two-week lows yesterday and remains weak this morning on news of a collapse in Housing Starts. Also, Fed Chair Powell’s speech before Congress reiterated his low interest rate policy. Look for further weakness as Powell will also speak before the House finance committee today. ...

C$ fell from the high’s seen yesterday and remains weak this morning as oil collapsed over 3% on comments by the US Administration about excessively high prices. The market is also anticipating inflation numbers due tomorrow and Thursday that may impact on Bank of Canada Chief Poloz’s policy of ...

C$ is hitting high’s not seen in two weeks thanks to strength in base metals prices and the likelihood of a resolution of China-US trade talks. The Administration has extended the tariff deadline and government leaders are meeting next month. Chinese analysts are reporting they expect a deal to be...

C$ is weak this morning despite oil and base metals rising to new highs on news that the Bank of Canada will maintain a low rate policy. BoC Chief Poloz spoke yesterday of the need to stop raising rates due to economic uncertainty. The market now believes the chance of a BoC rate increase this [&hel...

Strong commodity prices are supporting the C$ in a push to new 2-week highs. While there has been an overnight pullback a C$ retest higher is likely later this morning. Bank of Canada Poloz is speaking this afternoon, so the C$ will also be taking direction from his comments. Poloz has been an advoc...

The C$ hit a new 2-week high this morning thanks to new highs in crude, gold and base metals and a surprise announcement that Alberta will create a government oil transport company. Alberta plans to spend $3.7 billion to lease 4,400 rail cars and ship 120,000 barrels per day of low-priced shut-in cr...

The US$ is retesting the highs of the last few months in expectation of the FOMC meeting tomorrow. The market will likely stay quietly strong waiting for news from that meeting, which is expected to reaffirm a low interest rate, pro-growth Fed policy. Housing Market index will be watched this mornin...

The US$ retests the monthly highs this morning and is poised to break through to new levels not seen in two years. Despite weak economic numbers the US is not only outperforming Europe and China economically, but also appears more politically stable. There are some important economic numbers due but...