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CurrencyShares Canadian Dollar Trust ETF (FXC)

  • 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 | Comment!
  • 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 | Comment!
  • 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
  • Aug. 31, 2011, 8:41 AM
    Canada Q2 GDP declines 0.1%, an annualized drop of 0.4% vs. expectations of flat. The overall decline - the first since 2009 Q2 - is the result of a sharp drop in exports, while domestic demand continues to solidly expand. The loonie is up a hair vs. the dollar at $1.0241.
    | Aug. 31, 2011, 8:41 AM | Comment!
  • Aug. 30, 2011, 11:05 AM
    Bill Gross may be "crying in his beer" over his bet on Treasurys that cratered, but he stays on script in his latest edition of Investment Outlook, titled New-Fangled Love Songs. He writes 10-year Treasurys are "discounting a heap of trouble," adding he prefers the "cleaner" dirty shirts of Canada, Mexico and Brazil due to their higher yields and stronger balance sheets.
    | Aug. 30, 2011, 11:05 AM | 1 Comment
  • Aug. 30, 2011, 9:08 AM
    Canada's trade deficit jumps more than 50% to $15.33B in Q2, ahead of expectations of $13.75B. The loonie loses a bit of ground to $1.0211.
    | Aug. 30, 2011, 9:08 AM | Comment!
  • Aug. 19, 2011, 7:15 AM
    With market volatility showing itself in equities, the currency markets are again subdued. There is little to report other than to those who expected a sustained "risk off" move to benefit the dollar vs. sterling, aussie, and loonie. The greenback is catching a bid against those units, but it's pretty marginal. UUP remains near a 52-week low.
    | Aug. 19, 2011, 7:15 AM | Comment!
  • Aug. 18, 2011, 3:44 PM
    Expectations for a rate hike from Canada melt away as BoC policy is held "hostage" by the Fed's pledge to keep U.S. rates near 0 for the next 2 years. A slower economy is an issue, but there's also the loonie, of which the central bank is keen to keep from going too high.
    | Aug. 18, 2011, 3:44 PM | Comment!
  • Aug. 18, 2011, 12:57 PM
    The move higher in the Swiss franc is played out, says Bob Noyen, whose hedge fund banked some money on out-of-the-money call options on the swissie. Expecting the ECB to resort to its own QE, he's got a new list of safe havens - the Czech koruna. the Swedish krona (FXS), as well as the commodity currencies (FXA), (FXC).
    | Aug. 18, 2011, 12:57 PM | Comment!
  • Aug. 18, 2011, 12:14 PM
    Outperforming most markets today is Canada, the TSX -1.7% as the index benefits from its exposure to precious metals miners as well as a dive in the Canaidan dollar. The loonie is falling back towards parity with the greenback after reaching $1.06 earlier this summer. FXC -1.2%.
    | Aug. 18, 2011, 12:14 PM | 1 Comment
  • Aug. 17, 2011, 12:32 PM
    Citing growth that is slowing, but not slowing too much, Merrill Lynch pushes out its call for the next BoC rate hike to December from September. The prediction is at variance with the market, which actually is pricing in a 50/50 chance of a rate cut before year's end.
    | Aug. 17, 2011, 12:32 PM | Comment!
  • Aug. 1, 2011, 1:01 PM
    With the greenback weak and sentiment overwhelmingly negative, Peter Brandt notes the chart structure of the dollar index today is nearly identical to the 2008 lows. "Tell me something bearish about the dollar today that I do not already know," says Brandt.
    | Aug. 1, 2011, 1:01 PM | 1 Comment
  • Jul. 29, 2011, 3:15 PM
    The Canadian economy unexpectedly contracted in May, GDP falling 0.3% following flatlining in April. Expectations were for a slight increase. It's the largest drop since May 2009. A sluggish U.S. combined with supply-chain disruptions from Japan seem to be the culprits and BoC Gov. Carney is on record expecting a reacceleration in H2.
    | Jul. 29, 2011, 3:15 PM | 1 Comment
  • Jul. 29, 2011, 8:45 AM
    A flat dollar index following the GDP report belies big action in currencies as the dollar plummets to new record lows vs. the swiss franc and (effectively) the yen. However - remember your correlations - the greenback rises sharply vs. the loonie and aussie.
    | Jul. 29, 2011, 8:45 AM | 1 Comment
  • Jul. 27, 2011, 8:35 AM
    "Speculators have been burnt many times before," says a bank currency trader, warning the dollar's daily record lows vs. the yuan could soon provoke a response from the PBOC (not to mention the BOJ, SNB RBA, ECB, BOC, and Brazil).
    | Jul. 27, 2011, 8:35 AM | 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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