CurrencyShares Canadian Dollar Trust ETF (FXC) - NYSEARCA
  • Oct. 21, 2011, 9:57 AM
    The pummeling of the dollar may be the most important news of the day, which sniffs of additional Fed QE rather than Europe having solved its issues. A speech last night from the Fed's Daniel Tarullo arguing for additional MBS purchases looks to be the catalyst.
    | Oct. 21, 2011, 9:57 AM
  • Oct. 18, 2011, 3:09 PM
    The Guardian reports France and Germany have reached agreement to boost the EFSF to €2T, part of a "comprehensive plan" to drive a stake through the continent's debt crisis. Officials hope to get endorsement of the deal this weekend. Stocks and the "risk" currencies are shooting higher on the news.
    | Oct. 18, 2011, 3:09 PM | 6 Comments
  • Oct. 18, 2011, 12:05 PM
    "Dollar, dollar, dollar," says top notch FX strategist (now heading his own hedge fund) Stephen Jen, when asked by Dow Jones about his three favorite currencies to buy. He sees the greenback rallying against all of the "risk" currencies, with the euro falling to $1.25 within six months. Euro: FXE, Aussie, FXA, Real: BZF.
    | Oct. 18, 2011, 12:05 PM | 1 Comment
  • Oct. 13, 2011, 10:48 AM
    Canada's August trade deficit grows slightly to C$622M, coming in well below the C$1B expected by analysts. Also, the July deficit was revised down to C$539 from C$753. Exports to the U.S. - Canada's top trading partner - fell 2.3%.
    | Oct. 13, 2011, 10:48 AM
  • Oct. 13, 2011, 7:00 AM
    China's customs bureau warns of "severe" challenges as export growth slows to 17.1% in September vs. 24.5% in August, with business to Europe particularly weak. The trade surplus declines for the 3rd straight month, falling to $14.5B from $31.5B in July.
    | Oct. 13, 2011, 7:00 AM | 1 Comment
  • Oct. 12, 2011, 10:27 AM
    Check out the remarkable moves in currencies (aussie +300 pips in 12 hours!) and key commodities starting right about the time China opened for business last night  This rally may have little to do with Europe and everything to do with China showing signs of opening the spigots again. Chinese shares +3%. RE ETF: TAO +5.1%.
    | Oct. 12, 2011, 10:27 AM
  • Oct. 11, 2011, 10:29 AM
    Canada Mortgage & Housing reports September home construction rose to 205.9K units against expectations for 190K and August's 191.9K. Single family starts actually declined a bit, but was more than made up for by a jump in multiple-family units.
    | Oct. 11, 2011, 10:29 AM
  • Oct. 10, 2011, 1:19 PM
    China allows the biggest one-day jump in the yuan since July 2005 - perhaps a conciliatory message to the U.S., where Congress is threatening to punish Beijing over the currency. Maybe this easing of concerns over a trade war is behind today's rally (also, China is buying bank shares).
    | Oct. 10, 2011, 1:19 PM
  • Oct. 10, 2011, 8:15 AM

    Of the Chinese bank stock buys, the folks at beyondbrics note the last time China stepped in to buy the lenders was September 2008 - the stock market bottomed shortly afterwards. Off 28% this year, a popular China ETF, FXI is +2.3% premarket.

    | Oct. 10, 2011, 8:15 AM
  • Oct. 10, 2011, 7:56 AM
    European shares are staging a tepid rally (Stoxx 50 +0.6%) in the wake of news Merkozy is planning a plan and the Dexia nationalization, but the euro is romping, +1.5% vs. the dollar to $1.3575. The greenback is sharply lower against nearly all of the major currencies, the dollar index -1.2%.
    | Oct. 10, 2011, 7:56 AM | 1 Comment
  • Oct. 9, 2011, 9:27 PM

    "The world revolves around money, and it makes its own rules," says the CEO of China's Noah Holdings (NOAH). The company is a seller of wealth-management products, including trusts, which are exploding across the country as capital seeks better returns and businesses in need of credit seem willing to pay anything. The action reminds one professor of the conditions that led to the 1907 panic in the states. A great read about what sounds like a house of cards.

    | Oct. 9, 2011, 9:27 PM | 2 Comments
  • Oct. 7, 2011, 10:56 AM

    "The market can only focus on one thing at a time," says Vitaliy Katsenelson, whose eye is not on Europe, but on China and Japan. The collapse in copper prices is "just the beginning," he says, as China is headed for a hard landing. Commodity sensitive stocks like CAT look cheap, but they're going to "get a lot cheaper."

    | Oct. 7, 2011, 10:56 AM | 1 Comment
  • Oct. 7, 2011, 9:13 AM
    A look inside the blowout Canadian jobs report shows less than meets the eye as the hours worked component - a figure less likely to be distorted by questionable seasonal adjustments - declined by 0.3%. "That's key," writes Scotiabank as it points to another likely decline in September GDP.
    | Oct. 7, 2011, 9:13 AM | 1 Comment
  • Oct. 7, 2011, 8:44 AM
    The dollar is diving against most major currencies. The euro crosses above the $1.35 level for the first time this month. The loonie is the big winner so far today, +1.2%, as the NFP number combines with a big beat in the Canadian employment report.
    | Oct. 7, 2011, 8:44 AM | 1 Comment
  • Oct. 7, 2011, 7:15 AM
    Canada adds 60.9K jobs in September, smashing estimates for a rise of 15K. The unemployment rate falls from 7.3% to 7.1%. The loonie gets a nice pop on the news, now buying $0.9660.
    | Oct. 7, 2011, 7:15 AM
  • Oct. 6, 2011, 11:18 AM

    Canadian building permits plummet 10.4% in August, the 2nd straight decline, and against expectations for an increase of 0.3%. (PR)

    | Oct. 6, 2011, 11:18 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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