Insights

Nov 17, 2017
Weaker Canadian inflation, weaker Canadian dollar.

Moneyway Analysts Report: Today’s CPI numbers has basically wiped out any chance of an interest rate hike this year, or even the spring. October consumer price index edged up 0.1 percent on the month and was up 1.4 percent from a year ago as anticipated. The annual gain was a slowdown from September’s 1.6 percent […]

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By MoneyWay
Nov 14, 2017
Oil Falls 2%, Canadian Dollar Unchanged

Moneyway Reports: The Canadian dollar remains unchanged even as oil prices fall 2%. The International Energy Agency came out with a worse than expected outlook for global demand for oil. It’s basis was that China’s economic numbers are not as good as forecast, and therefore demand will drop. Some analysts took this as a valid […]

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By MoneyWay
Nov 10, 2017
Narrow range on the Canadian Dollar

Moneyway Reports: Uncertainty as to the proposed U.S. tax plan has caused equities to falter, plus currency markets have been relatively quiet, while oil prices remain unchanged. The Canadian dollar is the same, while there are no significant economic releases until next Friday, analysts will be watching for the Bank of Canada’s speech on Tuesday. […]

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By MoneyWay
Nov 9, 2017
Uncertain Oil Traders and a Slightly Better Canadian Dollar

Moneyway Analysts report: Oil continues to trade over $57 USD a barrel, Canadian dollar a little better. Oil is close to levels not seen since mid-2015, traders are nervous that oil supplies could be disrupted as tensions between Saudi Arabia and Iran move to the forefront of the political stage. Saudi Arabia has gone as […]

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By MoneyWay
Nov 8, 2017
Canadian Dollar Slightly Better Today

Moneyway Analysts Report: The Washington Post, citing unidentified sources, reported on Tuesday that Senate Republican leaders are considering a one-year delay in the implementation of a major corporate tax cut to comply with Senate rules. Any potential delay in the implementation of tax cuts, or the possibility of proposed reforms being watered down, would tend […]

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By MoneyWay
Nov 7, 2017
USD Stronger Against Most Currencies

  Canadian Dollar along most G10 currencies, fell to the USD. No clear reasons for the USD to strengthen, more a case of it’s sold off to come back into buying range for investors. Although oil is trading at a two year high, the Canadian dollar is impervious to its movement, analysts are more focused […]

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By MoneyWay

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