CurrencyShares Canadian Dollar Trust

News & Analysis

currencyshares canadian dollar trust and us market - All News and Analysis

• Canada GDP (for August) Disappoints

  Seeking Alpha - 2009-10-30

  Marc Chandler submits:Canada reported that August GDP contracted by 0.1%, whereas the consensus expected a 0.1% increase. Small change for sure, but the sign is wrong. And it likely prevents the Canadian dollar from recovering from the recent slide that has brought it to a 4 week low against the...

  Tags: US Market, Marc Chandler, CurrencyShares Canadian Dollar Trust

• Canada Caught in the U.S. Dollar's Web

  Seeking Alpha - 2009-10-22

  The LFB submits: The Bank of Canada BoC released minutes of the recent rate meeting that showed the central bank is looking for a reversal in the 1.0400 value of the Usd/Cad currency pair. The concern of the Monetary Policy members is in the fact that the increase in value...

  Tags: US Market, The LFB, CurrencyShares Canadian Dollar Trust

• How Will the Bank of Canada Affect Oil and the Loonie?

  Seeking Alpha - 2009-10-22

  The LFB submits: The moves in globally traded oil futures markets have recently seen a long break of $80 a barrel, with question marks in place as to whether it is a supply and demand imbalance or a generic reaction to the Usd losing value. The noise from...

  Tags: US Market, Energy, The LFB, CurrencyShares Canadian Dollar Trust

• June Report: Foreign Investors Still Stocking Up on Canadian Assets

  Seeking Alpha - 2009-08-18

  Marc Chandler submits: Canada reported that foreign investors bought a net C$10.5 bln of Canadian securities in June. This brings the total net foreign purchases in Q2 to a little more than C$38 bln compared with about C$23.5 in Q1 and less than C$1 bln in Q4 08. Foreign investors...

  Tags: US Market, Marc Chandler, CurrencyShares Canadian Dollar Trust

• 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

• Today in Commodities: Wednesday, July 1

  Seeking Alpha - 2009-07-01

  Matthew Bradbard submits: Energies traded lower today once again. Our only exposure with clients is long natural gas via October call spreads. We will continue to hold, thinking the market will turn higher soon. It will take a close back above the 50 day moving average to turn...

  Tags: US Market, Matthew Bradbard, CurrencyShares Canadian Dollar Trust

• Canada's Loonie Assassin Strikes Again!

  Seeking Alpha - 2009-06-16

  Jeff Nielson submits: On February 1, 2008, the day that Canadian Prime Minister Stephen Harper appointed Mark Carney as the new Governor of the Bank of Canada, Canada's currency was soaring at a multi-decade high – well above par versus the U.S. dollar. Carney immediately began to...

  Tags: US Market, Jeff Nielson, 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

• Canadian and Australian Dollars May Rally Further

  Seeking Alpha - 2009-05-26

  Since the beginning of March, both the Canadian and Australian dollars have appreciated significantly against the U.S. dollar. In fact, since March 6, the Canadian dollar appreciated nearly 13 percent against the U.S. dollar and the Australian dollar a stunning 21 percent. A spike in commodity prices triggered by a...

  Tags: US Market, Anna Fedec, CurrencyShares Australian Dollar Trust, CurrencyShares Canadian Dollar Trust