CurrencyShares Canadian Dollar Trust ETF

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  • Oct. 4, 2011, 11:53 AM

    Standard Chartered's Stephen Green brushes off concerns of a hard-landing in China, saying authorities have plenty of room to ease policy. Green disagrees with the China-is-overbuilt meme, saying infrastructure projects are still necessary across the country. "China today is Japan circa 1970, not 1989."

    | Oct. 4, 2011, 11:53 AM | 1 Comment
  • Oct. 3, 2011, 5:15 PM

    Canadian shares also enter official bear market territory, the TSX -3.2% today, bringing its loss since the April high to just over 20%. The commodity-heavy index held out against the worldwide slump for almost 2 months, only slipping into the red for the year in the past 2 weeks.

    | Oct. 3, 2011, 5:15 PM
  • Sep. 27, 2011, 10:01 AM

    Canada's housing market remains an outperformer, says Scotiabank, but it too is slowing. Up 5% Y/Y in Q2, prices look to have leveled out in July and August, with a "loss of momentum" in the jobs market winning out over continued low mortgage rates.

    | Sep. 27, 2011, 10:01 AM
  • Sep. 26, 2011, 10:12 AM
    The powerful uptrend line from the 2008 bottom in commodities and commodity currencies have both been broken at the same time, notes Barclays technical guru Jordan Kotick. It suggests to him the post-2008 recovery is over.
    | Sep. 26, 2011, 10:12 AM | 4 Comments
  • Sep. 23, 2011, 12:38 PM
    "The stock market is a discounting mechanism," says Marc Faber. He suggests the recent market action may have little to do with what's in front of our eyes - Europe - and everything to do with what's coming: "a meaningfull slowdown and disappointing news out of China." Good stuff. (video)
    | Sep. 23, 2011, 12:38 PM | 2 Comments
  • Sep. 22, 2011, 3:53 PM
    The dive in the loonie (FXC -2.2%) will not be unwelcome in Canada, where officials have been grousing about its strength for some time, including yesterday when PM Harper threatened intervention. Canada's growth slowed in Q2, done in by world weakness with a large assist from the strong currency.
    | Sep. 22, 2011, 3:53 PM
  • Sep. 22, 2011, 11:28 AM
    Canadian finmin Flaherty reminds citizens of their good fortune. "We have the most sound banking system in the world ... (Canada is) the envy of a number of countries." The market gods don't always take kindly to such bravado. It's worth noting Canadian shares are starting to mirror Europe's after outperforming for some time. EWC -5.6% today.
    | Sep. 22, 2011, 11:28 AM | 1 Comment
  • Sep. 22, 2011, 8:47 AM

    Canadian retail sales dive 0.6% in July against expectations for a 0.3% decline. Excluding autos, sales were flat vs. forecasts for a 0.2% increase. It's another in a string of weak economic data from Canada and futures markets have shifted from pricing in rate hikes to expecting cuts. The loonie -2.7% and buying $0.9661.

    | Sep. 22, 2011, 8:47 AM
  • Sep. 22, 2011, 7:22 AM

    The dollar is sharply higher across the board, with the aussie and the loonie - commodity producers and highly levered to world (especially China) growth - falling the furthest, about 2.5% Both have fallen well below parity to the greenback after spending nearly the entire year above.

    | Sep. 22, 2011, 7:22 AM
  • Sep. 21, 2011, 2:42 PM

    The dollar is moving solidly higher across the board, as markets' initial take is less-than-hoped for priming from the Fed. One currency of note is the loonie, where the greenback has popped above parity to its highest level in 2011.

    | Sep. 21, 2011, 2:42 PM | 1 Comment
  • Sep. 14, 2011, 9:49 AM
    Far from being a port in the storm, Canada may beat out the U.S. and the EU core to become the 1st to re-enter recession, says Scotiabank. The unexpected contraction in Q2 GDP may not be a one-off deal, as hiring has yet to bounce back in the first months of Q3.
    | Sep. 14, 2011, 9:49 AM | 2 Comments
  • Sep. 13, 2011, 5:18 PM
    Julian Robertson doesn't like the macro picture, telling CNBC, Europe is in a "state of financial collapse." Turning to the U.S., he loves big cap tech, particularly Apple (APPL) and Google (GOOG). "If this were the 1980's Apple would be selling at 3 or 4 times what it is now. The multiple it is now is almost ridiculous."
    | Sep. 13, 2011, 5:18 PM | 1 Comment
  • Sep. 12, 2011, 9:22 AM
    In conjunction with the rush out of risk assets, the Canadian dollar falls below parity to the greenback for the first time since January. The move won't be unwelcome by the BoC or Canadian industry, both of which have noted issues with the powerful loonie.
    | Sep. 12, 2011, 9:22 AM
  • Sep. 9, 2011, 7:09 AM
    Canadian August unemployment rises to 7.3% from 7.2% previously and against expectations for 7.2%. The loonie is falling, with the greenback back within sight of parity against the Canadian currency. Loonie -0.5% at $1.0058.
    | Sep. 9, 2011, 7:09 AM | 1 Comment
  • Sep. 7, 2011, 9:23 AM

    The Bank of Canada leaves its benchmark rate unchanged at 1%, as expected. There had been some chatter of a surprise cut, but the bank brushed of a Q2 contraction in GDP as "due to temporary factors." The loonie +0.3% at $1.013.

    | Sep. 7, 2011, 9:23 AM
  • Sep. 6, 2011, 3:20 PM

    While only a few expect a rate cut from the BoC at its Wednesday meeting, continued rate hikes - all but assured not too long ago - appear off the table. An unexpected contraction in Canada's Q2 GDP plus turmoil elsewhere have rate markets pricing in the near-certainty of lower rates by year end.

    | Sep. 6, 2011, 3:20 PM | 1 Comment
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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