CurrencyShares Canadian Dollar Trust ETF
 (FXC)

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  • Fri, Feb. 5, 8:53 AM
    • Canada lost 5.7K jobs in January against forecasts for a 5.5K gain. The unemployment rate rose to 7.2% vs. estimates for it to hold steady at 7.1%.
    • Alongside those gloomy numbers, December's 22.8K job gain was revised lower to just 1.3K.
    • The loonie (NYSEARCA:FXC) loses a little ground against the greenback (which has its own mixed jobs numbers to ponder this morning).
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Fri, Feb. 5, 8:53 AM | 4 Comments
  • Thu, Jan. 28, 3:23 PM
    • The latest wave downward in commodity prices is further hurting Canada's terms of trade and growth prospects, says S&P (you don't say). Corporate earnings are being squeezed and rising joblessness is hitting household incomes.
    • Given that, the agency cuts its forecast for GDP growth up north this year to 1.5% from 2.3%. Next year's expected growth is cut to 2.2% from 2.6%.
    • On the positive side, says S&P, non-commodity sectors have been resilient and private sector hiring continues on expectations the declining loonie will lead to stronger exports to the U.S.
    • ETFs: FXC, EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Thu, Jan. 28, 3:23 PM | 3 Comments
  • Wed, Jan. 20, 10:25 AM
    • The loonie (FXC +0.2%) is on the move after the Bank of Canada left its overnight rate at 0.5%. The energy crash and related dim economic numbers for the country, along with recent dovish comments had many expecting a rate cut today.
    • The loonie, of course, has been notably weak of late - down more than 10% vs. the greenback since November - so perhaps the bank felt its easing work had already been accomplished.
    • Alongside the rate decision, the bank slashed its 2016 GDP growth forecast to 1.4% from 2%.
    • Stocks in Toronto are lower by 2.6%.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Wed, Jan. 20, 10:25 AM
  • Fri, Jan. 8, 8:58 AM
    • Canada adds 23K jobs in December beating expectations for a gain of 10K. The unemployment rate held steady at 7.1%, inline with forecasts. Jobs in November had declined 35.7K - a report thought to be marred by October's rise in temporary work surrounding the national election.
    • The loonie (NYSEARCA:FXC) remains where it was ahead of the number - modestly lower on the session. Also at work is a very strong jobs number from south of Canada's border.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Fri, Jan. 8, 8:58 AM
  • Thu, Jan. 7, 9:20 AM
    • "We have a number of tools at our disposal - both conventional and unconventional - to mitigate risks to our inflation target or to our financial system, should they arise,” says Bank of Canada Governor Stephen Poloz in a speech titled, “Life After Liftoff: Divergence and U.S. Monetary Policy Normalization."
    • The energy crash has cut Canadian incomes by $1.5K per person, says Poloz, taking note of the tumbling loonie (NYSEARCA:FXC), today buying just over 70 American cents versus being able to buy more than one greenback three years ago.
    • “This shock is leading to significant and complex economic adjustments in Canada,” says Poloz. “There is no simple policy response in this situation.”
    • The Bank of Canada's next policy meeting in on January 20.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Thu, Jan. 7, 9:20 AM | 1 Comment
  • Mon, Jan. 4, 11:17 AM
    • Oil had been sharply higher after Saudi Arabia cut off diplomatic ties with Iran on Sunday, but it's tumbled more than $1 per barrel in the past few minutes, and is now modestly lower on the session at $36.95 per barrel. USO -0.55%
    • The dollar sold off overnight, but it's put in a strong rally over the past couple of hours. The greenback is now in the green (UUP +0.5%) against all the major currencies, and particularly strong vs. the Swiss franc (FXF -0.4%) and commodity currencies the aussie (FXA -1.9%) and loonie (FXC -0.7%).
    • U.S. equities are at session lows, the S&P 500 down 2.5% and Nasdaq off 3%.
    | Mon, Jan. 4, 11:17 AM | 12 Comments
  • Dec. 23, 2015, 8:59 AM
    • Economic output in October was unchanged from the previous month, an improvement from September's 0.5% decline, but shy of expectations for 0.2% growth.
    • Growth in mining, oil & gas extraction, and the public sector was offset by declines in manufacturing, utilities, and retail trade.
    • The loonie (NYSEARCA:FXC) has weakened a bit since the report, and is now flat on the session.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Dec. 23, 2015, 8:59 AM
  • Dec. 17, 2015, 3:39 PM
    • Word in trading circles was that king dollar was due for a leg down after the long-expected tightening in U.S. monetary policy, but the greenback (UUP +1%) has moved steadily higher since the Fed's move yesterday afternoon.
    • For today's session, the dollar is up 1.45% to its highest level since the ECB unexpectedly sat on its hands earlier this month. Among the losers vs. the dollar today are the euro (FXE -1%), loonie (FXC -1.2%), yen (FXY -0.6%), swissie (FXF -0.7%), aussie (FXA -1.6%), and pound (FXB -0.7%).
    | Dec. 17, 2015, 3:39 PM | 4 Comments
  • Dec. 9, 2015, 1:05 PM
    • The dollar index is off 1% today, and now lower by about 3% since Thanksgiving, though the move doesn't look like much more than a blip in the big bull market which began in the middle of 2014.
    • At least today, the move lower is not just about the surging post-ECB meeting euro (FXE +1%). Also higher by more than 1% against the greenback are the pound (NYSEARCA:FXB) and yen (NYSEARCA:FXY). The commodity currencies - the loonie (NYSEARCA:FXC) and aussie (NYSEARCA:FXA) - continue to struggle, and are both lower on the session.
    • ETFs: UUP, UDN, FORX, USDU
    | Dec. 9, 2015, 1:05 PM | 5 Comments
  • Dec. 4, 2015, 8:57 AM
    • Canada lost 36K jobs in November and the unemployment rate edged up 10 basis points to 7.1%. Expectations had been for a loss of 10K jobs, with the unemployment rate steady.
    • October had shown a job gain of 44K.
    • Both October's outsized gain as well as the November give-back appear to be tied to temporary hiring around the final weeks of the country's elections.
    • Stronger on the session before the number, the loonie is now lower by 0.3% to $0.7466. Also at work is the solid U.S. jobs report which came out at the same time as the Canada number.
    • ETFs: FXC, EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Dec. 4, 2015, 8:57 AM
  • Dec. 2, 2015, 10:14 AM
    • The Bank of Canada leaves its benchmark overnight rate at 0.5%, citing global and Canadian growth roughly in-line with what the bank forecast in October.
    • The central bank sounds a bullish note though, expecting GDP growth to move to a rate above potential in 2016.
    • Sizably lower earlier after a strong U.S. jobs report, the loonie (NYSEARCA:FXC) has returned to flat following the BoC news.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Dec. 2, 2015, 10:14 AM
  • Dec. 1, 2015, 9:07 AM
    • Q3 GDP grew an inline 2.3%, but the monthly read for September showed a 0.5% contraction - the largest monthly decline since the height of the financial crisis. Economists had expected no change for September.
    • Among the possible reasons for the quick slowdown were a fire curbing oil production in Alberta, and the shutdown of a unit by Nexen Energy.
    • Up nicely on the session ahead of the print, the loonie is now modestly lower, buying $0.7479.
    • ETFs: FXC, EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Dec. 1, 2015, 9:07 AM
  • Nov. 20, 2015, 10:55 AM
    • The government cuts its 2015 GDP forecast to 1.2% from 2% - considering the date, this is more tracker than forecast at this point. 2016 is lowered to 2% from 2.2%.
    • The government is also forecasting budget deficits for the next four years, including a $3B deficit this year vs. a previous forecast for a surplus.
    • Caveat: The new liberal government of Justin Trudeau has just taken charge from the conservatives. These updated forecasts could be considered the equivalent of a new CEO "kitchen-sinking" quarterly results in order to make everything in the future look better.
    • ETFs: FXC, EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Nov. 20, 2015, 10:55 AM | 1 Comment
  • Oct. 21, 2015, 10:10 AM
    • As expected, the Bank of Canada leaves its benchmark overnight rate target at 0.5%. The accompanying statement leans dovish, with the bank noting growth in the near-term is likely to come in towards the low end of estimates.
    • Also mentioned are "financial vulnerabilities in the household sector" continuing to edge higher.
    • The loonie (NYSEARCA:FXC) gives up another 20 pips, now off 0.6% on the session to $0.7657. Stocks in Toronto are lower by 0.25%.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Oct. 21, 2015, 10:10 AM
  • Oct. 6, 2015, 10:35 AM
    | Oct. 6, 2015, 10:35 AM | 2 Comments
  • Oct. 2, 2015, 8:54 AM
    | Oct. 2, 2015, 8:54 AM | 16 Comments
FXC Description
CurrencyShares Canadian Dollar Trust is designed to track the price of the Canadian Dollar net of Trust expenses, which are expected to be paid from interest earned on the deposited Canadian Dollars.
See more details on sponsor's website
Country: Canada
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