Insights

Apr 12, 2019
The Canadian dollar is slightly better, traders looking at oil

Although there has been a disconnect between oil prices and the Canadian dollar, traders are starting to realize that sooner or later the move higher in oil prices is too big to ignore against the CAD. Oil has moved over 40% higher while the USDCAD has only moved 3%, the gap is too big.                                 […]

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By MoneyWay
Apr 11, 2019
Oil goes up, Canadian dollar goes down, oil prices go down, Canadian dollar goes down even more

While there seems to be a disconnect between the Canadian dollar and when oil moves up, there is no disconnect when oil prices go down. Today oil came down from their five month high as crude oil inventories rise and statements from the International Energy Agency, that even though global inventories are dropping so is […]

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By MoneyWay
Apr 10, 2019
Canadian dollar unchanged, oil still stays strong

The larger than expected drop in gasoline inventories, the biggest since 2017, allowed oil prices to remain over $64 USD a barrel for West Texas Intermediate. Although crude levels are growing, the demand for gasoline has gathered steam, this all against a backdrop of a slowing global economy, at least that is what the International […]

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By MoneyWay
Apr 9, 2019
Oil is till over $64 USD a barrel, Canadian dollar unchanged

The USDCAD has bounced off the 1.3280 level and will likely need to see oil over $65 USD before it breaks this level. Even though oil prices have moved 42% higher since December, the USDCAD has moved less than 5%, leaving traders scratching their heads. This disconnect is due to prospects of a softer economy, […]

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By MoneyWay
Apr 8, 2019
Oil continues to move higher, Canadian dollar finally catches a ride

Oil is now trading at $64 USD a barrel for West Texas Intermediate, renewed fighting in Libya has placed that country’s oil output in jeopardy. It will be days if not weeks before there is some sort of settlement, as this puts one group backed by Russia, Egypt and the UAE versus a group that […]

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By MoneyWay
Apr 5, 2019
Canada’s jobs number not good

The employment numbers for Canada were not good, the drop was significant as these were full time jobs, expectations of a gain of 6,000 new jobs did not materialize. This news definitely puts any rate hikes by the Bank of Canada on hold for this year. As a result, the Canadian dollar has weakened even […]

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By MoneyWay

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