Volatility is the name of the game

By MoneyWay | Dec 11, 2018

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Equities opened a lot higher but have come back to basically unchanged on the day, the same with oil, after touching $52.43 USD a barrel for West Texas Intermediate, it has dropped to $51.71 USD. The ongoing China-U.S. spat maybe changing, today China announced that it was planning on reducing the current tariff of 40% on U.S. built cars to 15%, Trump indicated his pleasure with his usual twitter chat.

The Canadian dollar has not moved in tandem with oil, Canada will not benefit until prices are at the $60 US level, then the Canadian should strengthen.

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