Commodities prices are lower, which could be slightly negative for the Canadian dollar.
Commodities prices are lower, which could be slightly negative for the Canadian dollar. The market is a little bit on edge as they wait to see what Dodge has to say about interest rates.
The number won't help the Canadian dollar. We may see further weakening. A softer number provides no reason to go and buy the Canadian dollar.
The Canadian dollar is oversold. The economic fundamentals are still strong, which enticed investors back to the Canadian dollar.
The Canadian dollar is still very strong. It is perceived as a commodity currency so any major commodities doing well will support the Canadian dollar. We are still bullish on the currency.
We are seeing U.S. investors consistently selling the Canadian dollar to buy the U.S. dollar as there is still uncertainty in the election.
Some in the market felt that Canada had declined enough versus the U.S. and it was time to take some profits. The Canadian dollar is starting to look cheap.
International investors will always look for surpluses. If Canada continues to run surpluses, the fiscal program and a good economy and commodity prices will keep a luster on the Canadian dollar.
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