CurrencyShares Canadian Dollar Trust ETF
 (FXC)

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  • 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
  • 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. 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. 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
  • 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. 2, 2015, 8:54 AM
    | Oct. 2, 2015, 8:54 AM | 16 Comments
  • Aug. 21, 2015, 11:12 AM
    • The October Fed Funds futures contract is edging higher again today, and at 99.79 is just seven basis points lower than the August contract - meaning less than a one-in-three chance of a 25 basis point rate hike in September. The January contract is up to 99.675, putting the odds of a 25 point move anytime this year at just 75%.
    • One has to go all the way out to August 2016 to see 50 basis points of rate hikes priced in.
    • Alongside the reduced expectations of tighter policy, the dollar (UUP -0.8%), (UDN +0.6%) has fallen to a two-month low. For all the talk about "king dollar" this year, the greenback has been in a fairly clear downtrend since the start of the spring. It's still up about 3.5% on the year.
    • As for today's action, the biggest gainers vs. the dollar are the euro (FXE +1.1%), yen (FXY +0.9%), and swissie (FXF +0.6%).  Still losing ground are the commodity currencies - the loonie (FXC -0.7%) and aussie (FXA -0.2%).
    • ETFs: UUP, UDN, FORX, USDU
    | Aug. 21, 2015, 11:12 AM | 12 Comments
  • Aug. 19, 2015, 12:29 PM
    • The EIA earlier reported a surprise jump in crude inventories, and oil is down 4.2% to a new bear-market low of $40.86.
    • The resulting selloff in the loonie (FXC -0.7%) has that unit able to buy just $0.7595, the weakest since 2004.
    • The TSX 200 is down 1.05%, but EWC - priced in greenbacks - is off 1.8%.
    | Aug. 19, 2015, 12:29 PM | 1 Comment
  • Aug. 11, 2015, 7:44 AM
    • The aussie (NYSEARCA:FXA) is lower by 1.2% vs. the dollar at $0.7322 after the currency of its key trading partner was devalued by 2% overnight. Stocks in Sydney fell 0.7%.
    • "It seems the export numbers over the weekend were the final straw [for Beijing], says a Westpac currency strategist.
    • Checking another commodity currency, the loonie (NYSEARCA:FXC) is lower by 0.4% vs. the greenback, though it had been down as much as 1% following China's move.
    • ETFs: EWA, IAF, AUSE, KROO, EWAS, FAUS, QAUS, HAUD
    | Aug. 11, 2015, 7:44 AM
  • Jul. 15, 2015, 10:22 AM
    • Stephen Poloz surprises markets for the 2nd time this year, delivering another rate cut in Canada, this time slashing the overnight rate 25 basis points to 0.5%.
    • The 2015 growth estimate for Canada "has been marked down considerably" from the April projection, says the bank in its statement, and real GDP is expected to have contracted in H2.
    • The bank does expect above-trend growth to return in Q4.
    • Real GDP will grow by just over 1% this year and about 2.5% in 2016 and 2017, says the bank.
    • The loonie (NYSEARCA:FXC) tumbles 1.4% to $0.7749.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Jul. 15, 2015, 10:22 AM | 25 Comments
  • Jun. 5, 2015, 8:56 AM
    | Jun. 5, 2015, 8:56 AM
  • May 29, 2015, 8:41 AM
    • It's the first quarterly contraction in Canada's economy in four years, and the largest decline since the 2009 recession. Economists had forecast an expansion of 0.3%.
    • Alongside this weak print, Q4's 2.4% expansion was revised down to 2.2%.
    • Behind Q1's disappointing number is a 9.7% plunge in business gross fixed capital formation as companies reacted to the crash in oil prices. Support activities for mining and oil/gas extraction fell 30%.
    • The loonie (NYSEARCA:FXCsinks 0.5% on the news, now buying just eight-tenths of an American dollar.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN
    | May 29, 2015, 8:41 AM | 11 Comments
  • May 26, 2015, 1:44 PM
    • Europe's dealing with the usual worries about Greece and weekend election gains by the anti-austerity party in Spain may have some wondering about contagion. The Stoxx 50 ETF (NYSEARCA:FEZ) is lower by 2.9% as Monday's loss across the pond combines with Tuesday.
    • This morning, a trio of economic reports - durable goods, home prices, and new home sales - beat expectations, giving another boost the greenback.
    • The dollar's higher by 1% vs. the euro (NYSEARCA:FXE), yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), and aussie (NYSEARCA:FXA), and somewhat less vs. cable (NYSEARCA:FXB) and the Swiss franc (NYSEARCA:FXF). Buying ¥122.95, the greenback is at an 8-year high vs. the yen.
    • UUP +1.15%, UDN -1%
    • ETFs: UUP, UDN, FORX, USDU
    | May 26, 2015, 1:44 PM | 11 Comments
  • May 22, 2015, 8:55 AM
    • Core CPI rose 0.3% in April, the fastest pace since January 2013. Forecasts had been for just a 0.1% gain. Over the last 12 months, core CPI was up 1.8% in April, the same as March.
    • The overall CPI was higher by 0.1% in April and lower by 0.2% year-over-year.
    • The dollar bull ETF (NYSEARCA:UUP) is up 0.4% after the news. Against individual currencies, the greenback jumped about 100 pips vs. the euro (NYSEARCA:FXE), with similarly-sized moves vs. the aussie (NYSEARCA:FXA), loonie (NYSEARCA:FXC), swissie (NYSEARCA:FXF), yen (NYSEARCA:FXY), and cable (NYSEARCA:FXB).
    • ETFs: UUP, UDN, UUPT, UDNT, FORX, USDU
    | May 22, 2015, 8:55 AM | 3 Comments
  • Apr. 29, 2015, 11:32 AM
    | Apr. 29, 2015, 11:32 AM | 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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