Expected USD/CAD Range: 1.035 – 1.040

Update: After an eventful week of central bank watching, the focus for the Canadian Dollar now turns to economic data with the jobs data on Friday a big focus for the Loonie. There is some speculation in the market that the weak jobs number out of the US last week might be reason to think that the Canadian employment figures will also come in below expectations. Given the focus that the Central Bank has shown in the past on housing prices, we will also be watching housing numbers out later this week in Canada.

The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …

Expected USD/CAD Range: 1.029 – 1.037

Update: Slightly weaker than expected growth figures in Canada and stronger than expected growth figures in the US have moved the loonie lower against the greenback. We continue to expect more volatility during the day as the markets await any additional color on the timing of “tapering” by the Fed 2 pm.

The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …

Expected USD/CAD Range: 1.024 – 1.030

Recent Developments: Slightly higher than expected industrial price figures in Canada this morning barely moved the Loonie. The Canadian Dollar remains at one month highs with all eyes now focused on the Fed announcement tomorrow and any clues it might provide as to when the US central bank intends to “taper” its monetary stimulus programs. Also, tomorrow Canadian GDP figures could be a catalyst for a move.

The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …

Expected USD/CAD Range: 1.026 – 1.031

Recent Developments: The Canadian Dollar should be generally stable and trading at one month highs with a light economic calendar early in the week. The market is focused on the Fed announcement on Wednesday where there could be additional indications as to the timing of the expected “tapering” of monetary stimulus. Also, on Wednesday we will get a monthly reading on Canadian GDP figures. We do not expect the HBC deal announced this morning to have anything other than minor and temporary impact on the loonie.

The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …