Insights
After ten straight down days, Canadian oil gets more bad news
A Montana federal judge’s ruling that threatens to further delay TransCanada Corp’s Keystone XL pipeline comes at one of the worst possible times for the Canadian oil industry. Canadian oil producers have been held back by the lack of sufficient pipeline access both into the Unites States and to the west coast of Canada. As […]
Learn More
By MoneyWay
Markets unchanged, waiting for the Fed
Despite strong economic growth and the rise in average hourly earnings, there are no expectations for a rate hike at the November FOMC. There are expectations, however, for action at the December 18 & 19 meeting which, unlike this month’s meeting, will be accompanied by updated FOMC forecasts and a press conference. In an announcement […]
Learn More By MoneyWay
USDCAD unchanged, midterms as expected
While North American equities are doing better, oil prices are lower on the back of the oil inventory increases. After its seventh straight weekly increase, West Texas Intermediate is trading below $62.00 USD a barrel down $15 from its recent highs. OPEC will be meeting this weekend to discuss the upcoming 2019 production limits, we […]
Learn More By MoneyWay
U.S. Midterms are today, markets seem to have taken a positive spin
If things go as expected the Democrats will take control of the House of Representatives while the Republicans remain in control of the Senate. Democrats will likely have more state governors and therefore there will be more pushback between the states and Washington. USD-CAD has settled around 1.3100, above the 11-day low seen on Friday […]
Learn More By MoneyWay
Currencies basically unchanged, markets fixated on U.S. midterms
Broader U.S. stock indexes were mixed as investors weighed the outlook for elections Tuesday along with signals that a trade deal between the world’s biggest economies remains elusive. Oil prices have moved slightly higher as the sanctions against Iran start to kick in. The U.S. government has given eight countries temporary waivers in order to […]
Learn More By MoneyWay
Canadian dollar stronger even as oil hits a six-month low
USD-CAD has drifted back to the lower 1.3100s after yesterday edging out a seven-week high at 1.3170. Recent sharp oil price declines, which fell by over 15% in October, have been weighing on the Canadian dollar as markets factor in an erosion in Canada’s terms of trade as the price of the economy’s principal export […]
Learn More By MoneyWay
Visit us in-store for the best rate!
Where to Find Us
