CurrencyShares Canadian Dollar Trust ETF (FXC) - NYSEARCA
  • Wed, Jul. 13, 11:32 AM
    • As expected, the Bank of Canada leaves its overnight interest rate at 0.5%. Alongside that, the bank revised its 2016 GDP growth forecast to 1.3% from 1.7% expected in April. 2017 is cut to 2.2% from 2.3%.
    • BoC Governor Stephen Poloz had previously expected the country's economy to return to potential in H2 of 2017, but the bank now sees this as happening closer to the end of next year.
    • Despite the cuts, economists say the bank is presenting a mostly upbeat outlook, and note the bubbly housing market and core CPI consistently above 2%.
    • The loonie (FXC +0.3%) has gained strength since the news hit, now buying $0.7692. Stocks in Toronto are lower by 0.2%.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN, HEWC
    | Wed, Jul. 13, 11:32 AM
  • Mon, Jul. 11, 12:24 PM
    • Macquarie had previously expected Canada's central bank to begin raising rates in Q2 of 2018, but has now pushed that forecast out one year.
    • Noted by Macquarie analyst David Doyle is Canada's dependence on housing, and how that ties the hands of the central bank.
    • The upshot, says Doyle, is a widening of rate spreads between Canada and the U.S., where the Fed is expected to take a more aggressive approach to tightening monetary policy.
    • The Canadian dollar (NYSEARCA:FXC), of course, has spent most of this year strengthening against the greenback, buying $0.7621 today vs. about just $0.67 earlier in 2016.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN, HEWC
    | Mon, Jul. 11, 12:24 PM
  • Wed, Jun. 29, 5:12 AM
    • Looking to stress the importance of trade, leaders of the U.S., Canada and Mexico will meet today for the annual "Three Amigos Summit" at a time of mounting doubts about the benefits of globalization.
    • All three are part of the Trans-Pacific Partnership, the 12-nation trade deal President Obama had cast as an update to NAFTA.
    • Ahead of the gathering, Canada dropped its visa requirement for Mexican visitors as of December 2016, while Mexico agreed to open its markets to Canadian beef.
    • ETFs: EWW, FXC, EWC, MXF, MXE, CNDA, UMX, EWCS, DBMX, SMK, FCAN, QCAN, QMEX, HEWW, HEWC
    | Wed, Jun. 29, 5:12 AM | 6 Comments
  • Fri, Jun. 24, 8:09 AM
    • The pound (NYSEARCA:FXB) is lower by 8.15% vs. the dollar to $1.3667. It's the lowest level in more than 20 years. It had sunk as low as $1.32 overnight.
    • The euro (NYSEARCA:FXE) is down 3% to $1.1045, the loonie (NYSEARCA:FXC1.8%, the aussie (NYSEARCA:FXA2.5%, and the Swiss franc (NYSEARCA:FXF2%.
    • Stronger vs. the dollar is the yen (NYSEARCA:FXY), up 3.5%.
    • UUP +2.7%, UDN -3% premarket
    • Previously: Futures down sharply as Europe crashes post-Brexit (June 24)
    | Fri, Jun. 24, 8:09 AM | 1 Comment
  • Thu, Jun. 9, 4:18 PM
    • Bank of Canada Governor Stephen Poloz pointed to Vancouver and Toronto as two cities where borrowers are extending themselves in the hopes fast price rises will continue.
    • "We see a rate of price increase that would be very difficult to match up with any definition of fundamentals,” he said, following the release of the central bank's semiannual Financial System Review.
    • Home prices in Toronto gained nearly 13% in the year ended in April - nice, but child's play compared to the 25% rise in Vancouver.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN, HEWC, FXC
    | Thu, Jun. 9, 4:18 PM | 1 Comment
  • Fri, Jun. 3, 8:56 AM
    • Roughed-up by the steady hawkish talk out of the Fed in May, gold (NYSEARCA:GLD) has added about $20 per ounce to $1,234 since the 8:30 ET news of just 38K jobs being added last month (along with big downward revisions to April and March).
    • The dollar (UUP, UDN), unsurprisingly, is headed in the opposite direction, currently lower by 1%. Particularly strong vs. the greenback are the euro (NYSEARCA:FXE), yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), and pound (NYSEARCA:FXB).
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GYEN, GEUR, UBG, QGLDX
    | Fri, Jun. 3, 8:56 AM | 37 Comments
  • Tue, May 31, 9:08 AM
    • Canadian GDP grew 0.6% in Q1, or a 2.4% annualized pace. Expectations had been for 2.8%. On a year-over-basis, GDP grew 1.1% vs. the 1.4% estimate.
    • Exports were the largest contributor to GDP growth in Q1, up 1.7% following a 0.4% decline in Q4.
    • Up ahead of the number, the loonie (NYSEARCA:FXC) has weakened since. It's now lower by 0.2% to $0.7648.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN, HEWC
    | Tue, May 31, 9:08 AM
  • Wed, May 25, 10:10 AM
    • The loonie (NYSEARCA:FXC) is surging higher following the expected decision in which the bank left its overnight rate target at 0.5%.
    • In its statement, the BoC says the economy's adjustment to the oil price crash is ongoing, but uneven. While Q1 growth looks to be inline with the bank's expectations, business investment and intentions remain disappointing.
    • The bank expects the Alberta wildfires to shave a full 125 basis points from Q2 growth, and notes at least part of the big rebound in oil prices is due to short-term supply disruptions.
    • The Canadian dollar +0.5% vs. the greenback to $0.7657. Stocks in Toronto are higher by 0.6%.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN, HEWC
    | Wed, May 25, 10:10 AM
  • Fri, May 20, 8:51 AM
    • Retail sales fell 1% in March vs. forecasts for just a 0.6% decline. They had gained 0.3% in February (June is 12 days away).
    • Core retail sales fell 0.3% vs. expectations for a 0.4% decline. February's originally reported 0.4% decline in core sales was revised to a 0.3% gain.
    • The headlines read "miss," but the core number is a "beat."
    • The loonie (NYSEARCA:FXC) remains about flat on the session.
    | Fri, May 20, 8:51 AM
  • Fri, May 13, 10:42 AM
    • Fixed-income markets are mostly yawning and equities are modestly lower, but the greenback adds to a sizable May rally after retail sales for April flew past consensus estimates.
    • UUP +0.7%
    • Markets may have been bracing for a weak print, given the string of disappointing earnings and guidance coming from some major retailers over the past several sessions. It turns out consumers are spending, it's just continuing to shift away from traditional spots like department stores.
    • The euro (FXE -0.7%), pound (FXB -0.6%), loonie (FXC -0.9%), swissie (FXF -0.5%), and aussie (FXA -1%) are leading the way down among overseas currencies. The yen (FXY -0.1%) is closer to holding its own.
    | Fri, May 13, 10:42 AM
  • Fri, May 6, 8:58 AM
    • Canada lost 2.2K jobs in April vs. expectations for a gain of 2K. The unemployment rate held steady at 7.1%. The economy added 41K jobs in March.
    • The greenback/loonie exchange rate has not just Canada's weak print to digest, but also America's sluggish numbers which came out at the same time. It's volatile, but currently the loonie (NYSEARCA:FXC) is weaker by 0.45%.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN, HEWC
    | Fri, May 6, 8:58 AM
  • Fri, Apr. 29, 11:34 AM
    • A board selloff in the greenback (UUP -0.7%) has gold (GLD +2%) eyeing $1,300 per ounce for the first time since early 2015. Gold is currently up 2.5% to $1,298.
    • There was modest disappointment in some 2nd-tier economic reports this morning, but other than that no clear reason for the dollar decline. Particularly strong are the euro (FXE +0.9%), Swiss franc (FXF +0.8%), and yen (FXY +1.1%). The commodity currencies (FXC +0.1%), (FXA -0.1%) aren't doing a whole lot even as oil takes out $46 per barrel.
    • ETFs: GLD, IAU, UUP, PHYS, SGOL, UGL, UDN, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, USDU, GYEN, GEUR, UBG, QGLDX
    | Fri, Apr. 29, 11:34 AM | 42 Comments
  • Wed, Apr. 13, 12:44 PM
    • As expected, the Bank of Canada left its benchmark overnight lending rate at 0.5%. The policy statement leans hawkish though: "It does appear that the positive forces at work in the economy are starting to outweigh those that are negative ... "First-quarter GDP growth appears to have been unexpectedly strong."
    • The loonie (NYSEARCA:FXC) shot higher following the news, but has since given back those gains and more. It's currently lower by 0.45% and buying $0.7804. Stocks in Toronto are joining the global rally, up 0.8%.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN, HEWC
    | Wed, Apr. 13, 12:44 PM | 4 Comments
  • Fri, Apr. 8, 8:41 AM
    | Fri, Apr. 8, 8:41 AM | 4 Comments
  • Thu, Mar. 31, 9:46 AM
    • Real GDP rose 0.6% in January, and was higher by 1.5% Y/Y. It was the fastest monthly GDP gain since 2013, and the quickest annual pace since February 2015. Economists had expected January growth of just 0.3%.
    • "Today's monthly GDP report is perhaps the most encouraging in recent memory," says TD Bank's Brian DePratto. Noting four straight months of GDP gains, BMO's Doug Porter says this isn't a "fluky rebound-type bounce."
    • Porter says the annualized GDP growth rate over the three months ended in January was 5%.
    • The loonie (NYSEARCA:FXC) adds further to this year's gains, up 0.6% on the session to $0.7761. In mid-January, the loonie was buying just $0.6866.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN, HEWC
    • Now Read: The Looniness Of The Canadian Loonie And Oil Sands (March 30)
    | Thu, Mar. 31, 9:46 AM | 2 Comments
  • Fri, Mar. 18, 8:41 AM
    • Retail sales up north rose 2.1% in January, blowing past expectations for just a 0.6% gain. The largest gain in dollar terms was a 4.8% advance for motor vehicle and parts dealers.
    • As for the provinces, sales rose in all eight after falling in seven of them in December.
    • The loonie (NYSEARCA:FXC) gains about 30 pips on the news, now ahead by 0.2% on the session to $0.7719.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Fri, Mar. 18, 8:41 AM
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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