Posts Tagged ‘canada’

Canadian Dollar Moves High on Commodity Optimism; Analysts Still Bearish

by Christopher Lemieuxon January 5, 2014 6:23 pm BST
The Canadian dollar rose  with fellow commodity-linked currencies on hopes that the massive downward fall in raw-material prices have reached a bottom. However, the upward movement could be more linked to the largest Canadian-to-US dollar decline in five years. The move is speculated by Bank of Montreal’s Greg Anderson, “the market was short all the […]

North American Manufacturing PMIs Fall Short but Still Positive

by Christopher Lemieuxon January 2, 2014 5:03 pm BST
The Royal Bank of Canada (RBC) manufacturing PMI, in conjunction with Markit Economics, fell short today after indicating that the index fell from 55.3 to 53.5 in December. Canada is still above that key 50 reading, but it continues to show that there is still a lot of work to be done in order to […]

CAD Falls on Solid US Data

by Christopher Lemieuxon November 8, 2013 5:45 am BST
The better than expected GDP figure out of the US gave the Canadian dollar reason to fall as bets on a Fed taper will be sooner than later. Commodities and stocks were laggards, as well. The unsettling paradigm of good news is bad news is taking hold. “Every time there’s good news, the market thinks, […]

Canadian Dollar Weak and Crude is Not Helping

by Christopher Lemieuxon November 6, 2013 2:18 am BST
The Canadian dollar takes a pause after a surprising above expectation print in the GDP that induced rally from the depths of a near two-month low. However, the nation’s largest export, crude, is not helping as crude now trades below $94 per barrel. With a second day of declines since the rally top, the Canadian […]