Wednesday, November 23, 2016

Canadian Dollar Update as at November 23, 2016

The Loonie is going lower this morning having climbed for a few days.

The strength of the US Dollar and  the weakness in the price of oil has caused the Canadian Dollar to fall.

Retail Sales in September have risen 0.6 percent while oil is falling away from recent highs.

Sweet Light Crude is just above $47.50 at this time and appears to be prepared to go further south.

The US markets have been quite strong lately based on expectations of the Trump government.

The remainder of this week will have little in the way of announcements in Canada.

News in the United States has been generally positive this week, stengthening the markets there.

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