Canadian Dollar Update As At January 3, 2016

Of course the Canadian Dollar is feeling the effects of a failing economy based on someone’s dream about becoming a petrostate.

One interesting thing about petrostates is that in most of them poverty abounds.

Another interesting thing is that most petrostates are dictatorships.

And Canada was headed that way until the recent election that saw the fanatics removed from power.
Canada has a long way to go to recover from ten years of mismanagement, the current oil price has damaged all of Canada.

Here are some recent articles offering various opinions as to the future of the loonie:


CAD to USD: Why Hedge Funds See More Downside for Canadian Dollar - Profit Confidential
Sat, 02 Jan 2016 12:02:44 GMT
Profit ConfidentialCAD to USD: Why Hedge Funds See More Downside for Canadian DollarProfit ConfidentialCanadian newspaper The Globe & Mail reported this week that hedge funds are shorting the Canadian dollar. According to data released by the Commodi ...

Read more ...
 
 
Falling oil prices and stalled economy make 2015 a year to forget - CBC.ca
Thu, 31 Dec 2015 15:25:21 GMT
CBC.caFalling oil prices and stalled economy make 2015 a year to forgetCBC.caBut that's cold comfort for investors who remember oil prices above $100 US a barrel less than 18 months ago. Oil's slide has been devastating news for the Canadian dollar, ...
Read more ...
 
 
CAD to USD: Could the Canadian Dollar Slide Another 19.0%? - Profit Confidential
Thu, 31 Dec 2015 12:01:50 GMT
Profit ConfidentialCAD to USD: Could the Canadian Dollar Slide Another 19.0%?Profit ConfidentialMarkets absolutely decimated the Canadian dollar in 2015, when low energy prices weighed on Canada's economy, dragging it into a recession. Now, as we app ...

Read more ...
 
 
Price of oil loses another 3%, dragging Canadian dollar back below 72 cents US - CBC.ca
Mon, 28 Dec 2015 16:31:54 GMT
CBC.caPrice of oil loses another 3%, dragging Canadian dollar back below 72 cents USCBC.caThe benchmark price of North America's main oil blend lost more than three per cent to change hands below $37 US a barrel on Monday, dragging the Canadian dolla ...

Read more ...
 
 
A Nice Way To Profit From The Decline In The Canadian Dollar - Benzinga
Thu, 31 Dec 2015 13:34:00 GMT
BenzingaA Nice Way To Profit From The Decline In The Canadian DollarBenzingaAfter peeking in late 2007, the Canadian Dollar lost more than 25 percent in less than a year-and-a-half. However, the currency managed to recuperate, and its price remained ...

Read more ...
 
 
Canadian dollar could sink as low as 68 cents as bond with oil grows to world ... - Financial Post
Thu, 24 Dec 2015 15:54:10 GMT
Financial PostCanadian dollar could sink as low as 68 cents as bond with oil grows to world ...Financial PostThe correlation between the Canadian dollar and the benchmark West Texas Intermediate oil price is about 0.56, meaning the two have a strong ...

Read more ...