USD/CAD Settles Above Support
USD/CAD (a 4-hour chart of which is shown) as of Thursday (9/02/2010) has settled above 1.0470 support once again after having just descended from a key resistance re-test in the 1.0670 price region, which formed a double-top high. This all occur
Improved Risk-Appetite Benefits AUD
The Australian dollar was the key gainer in the Wednesday session, advancing by nearly 2.4% against the greenback, while the Canadian dollar firmed by over 1.5%.
USD/CAD Falls on Improving Risk Sentiment, May Drop Further
The Canadian dollar rebounded today as the improving risk appetite pushed the stocks and crude oil higher and increased the appeal of the currencies linked to the economic growth.
C$ rebounds with risk sentiment, bonds fall
Canada's dollar recovered some lost ground against the U.S. currency on Wednesday, while bond prices fell as risk appetite was revived on strong overseas data, offsetting concerns about the world economic recovery.
USD/CAD Hits Channel Resistance (Double Top?)
The USD/CAD is in a range roughly between 1.0150 and 1.07. To be more specific, there is historic resistance at 1.0670. After 2 tests, today’s price action so far heading into the US session, is a reversal candle. If the candle is equal or larger
Canadian non-residential construction profits in 2010
Non-residential construction investment in Canada increased in the second quarter of 2010, after declining for five consecutive quarters.
USD/CAD Hits Key Resistance
USD/CAD (a 4-hour chart of which is shown) as of Tuesday (8/31/2010) has hit a key resistance level in the 1.0670 price region, a level that has been reached and respected several times in the recent past. This occurs after price made a pronounce
Canada's Dollar Weakens for Second Day as Data Show Economic
Canada’s dollar fell for a second day versus its U.S. counterpart and headed for its worst monthly performance since June 2009 as data showed the nation’s economy slowed more than forecast in the second quarter.
Canadian Dollar Plummets To 8-week Low Against US Dollar
Amendment: Corrects to replace "Asia" with "New York" in the first paragraphThe Canadian dollar slumped to its lowest level in 8-weeks against the US dollar on Tuesday morning in New York after a government report showed that Canada's economy i
Scotiabank profit gains on retail strength
Bank of Nova Scotia posted a 14 percent rise in quarterly profit Tuesday, as fewer loan defaults and stronger retail banking profits overshadowed a drop in trading revenue at Canada's third-largest bank.
Questions Arise About GLD Gold Trust
In an interview last week on Canada’s Business News Network (www.bnn.ca), Jason Touissant, managing director of the GLD gold exchange traded trust, admitted that he owns some physical gold and shares of gold mining companies.
CAD Commentary for the week of 08/27/2010
The Canadian dollar fell 0.3% against the US dollar this week on worries the US economy will fall into recession pulling Canada with it.


