Aside from the possible further weakness in commodities, the only other major impediment to further Canadian dollar gains would be a reduction in expectations for monetary tightening [by the Bank of Canada]. |
Energy prices are coming off, mitigating the positive effects of the current account number. The Canadian dollar is still closely tracking energy. |
Energy prices are rallying today, which push the Canadian dollar higher. |
I have times when I despair, and I cry. There are moments when I want to give up. But my husband needs me. So I get up for one more day. |
It definitely seems like an energy story. |
People are buying the U.S. dollar across the board on expectation of further rate hikes. Rate expectations in Canada have come down. You will see more U.S. dollar strength on the yield gap. |
We don't expect the U.S. dollar rally to be a long lasting thing. The bigger trend is still Canadian dollar strength. |
We think the Bank of Canada might tone down its rhetoric. |
Who's going to come to a hotel over here? This is not Las Vegas, this is not Atlantic City, this is not Reno - this is College Point, a family oriented neighborhood. |