CurrencyShares Canadian Dollar Trust

News & Analysis

currencyshares canadian dollar trust and fp trading desk - All News and Analysis

• A Stronger Loonie Can't Be Supported in the Near-Term

  Seeking Alpha - 2009-07-15

  FP Trading Desk submits: Anybody guessing where the Loonie might be trading in the near term might consider the latest data on trade flows. The collapse in Canadian exports by nearly half since January 2008 has cut Canada's trade balance to the ground from a C$6-billion surplus to a...

  Tags: Seeking Alpha, US Market, FP Trading Desk, CurrencyShares Canadian Dollar Trust

• Loonie Falls to More Reasonable Levels - National Bank Financial

  Seeking Alpha - 2009-07-13

  FP Trading Desk submits: The Canadian dollar has fallen to more “reasonable levels” after it surged more than 9% in May, according to Yanick Desnoyers, strategist at National Bank Financial. The bank says lower commodity prices and a continued correction in oil should keep the Canadian dollar in check...

  Tags: US Market, FP Trading Desk, CurrencyShares Canadian Dollar Trust

• Canada's GDP Should Be Back in the Green by Q3 2009 - UBS

  Seeking Alpha - 2009-06-07

  FP Trading Desk submits: A day after the Bank of Nova Scotia trumpeted that the global economy has begun to "turn the corner," UBS has also released a relatively cheerful outlook for Canadian GDP growth in 2009 and 2010. Strategist George Vasic noted Friday that the latest national accounting...

  Tags: Seeking Alpha, US Market, FP Trading Desk, CurrencyShares Canadian Dollar Trust

• Loonie Rally Unlikely to Be Sustained - National Bank Financial

  Seeking Alpha - 2009-04-19

  FP Trading Desk submits: The rally that drove the Canadian dollar to a three month closing high of 82.84¢ Thursday is unlikely to be sustained, says Yanick Desnoyers, an economist at National Bank Financial. The loonie had already slipped marginally to about 82.60¢ by noon Friday. “We don’t expect...

  Tags: Seeking Alpha, FP Trading Desk, CurrencyShares Canadian Dollar Trust

• Dennis Gartman Is Bullish on All Things Canadian

  Seeking Alpha - 2009-02-04

  FP Trading Desk submits: Dennis Gartman says it's time to turn bullish on all things Canadian. In Wednesday’s edition of The Gartman Letter, he recommended owning the Canadian dollar as opposed to the greenback and Canadian equities relative to U.S. stocks. Barack Obama’s recent statements on protectionism, which quashed...

  Tags: US Market, FP Trading Desk, CurrencyShares Canadian Dollar Trust

• After TSX Drops 35% in 2008, Canada Hopes for a Better New Year

  Seeking Alpha - 2009-01-01

  FP Trading Desk submits: After rising roughly 10% in the first six months of 2008, the S&P / TSX composite index recorded a peak-to-trough decline of more than 48% in 2008. Beginning the year at 13,833 and rising above 15,000 in June, Canada’s benchmark index dipped as low as...

  Tags: Seeking Alpha, FP Trading Desk, CurrencyShares Canadian Dollar Trust

• Some Potentially Hopeful Signs for Equity Markets - UBS

  Seeking Alpha - 2008-12-14

  FP Trading Desk submits: Investors should keep an eye on credit spreads, household and business lending levels, and the Canadian dollar to determine when the stock market rout will turnaround, says George Vasic, a strategist at UBS. Mr. Vasic says these conditions are good indicators of the health of...

  Tags: US Market, FP Trading Desk, CurrencyShares Canadian Dollar Trust