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
  • 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
  • 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
  • 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 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
  • 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
  • Thu, Mar. 17, 7:17 AM
    • That bright green across the screen isn't in honor of St. Patrick's Day. Instead, it's a strong bid for commodities and foreign currencies after the Fed yesterday cut its forecast for rate hikes this year to two from four.
    • This just in: Crude oil (NYSEARCA:USO) is up on the year, rising 1.6% today to $40.63.
    • Other movers: Gold (NYSEARCA:GLD+3.25% to $1,270. Silver (NYSEARCA:SLV+3.4% to $15.74, Copper (NYSEARCA:JJC+2,5% to $2.29, Platinum (PPLT, PTM+3% to $988, Lumber (NASDAQ:WOOD+3.5% to $297, Beans (NYSEARCA:SOYB+0.6% to $899.50, Corn (NYSEARCA:CORN+0.5% to $370.25, Wheat (NYSEARCA:WEAT+0.85% to $475.
    • The euro (NYSEARCA:FXE+1.15%, yen (NYSEARCA:FXY+1.3%, pound (NYSEARCA:FXB+0.85%, loonie (NYSEARCA:FXC+1.15%, aussie (NYSEARCA:FXA+1.3%, swissie (NYSEARCA:FXF+1%.
    • ETFs: DBC, DJP, GSG, RJI, GCC, USCI, GSP, GSC, CMD, DJCI, DEE, LSC, DYY, FTGC, UCI, DDP, BCM, UCD, COMT, CMDT, DPU, SBV, PDBC, CSCB, CSCR
    | Thu, Mar. 17, 7:17 AM | 25 Comments
  • Fri, Mar. 11, 8:41 AM
    • The Canadian economy lost 2.3K jobs in February vs. consensus forecasts for a gain of 10K. The unemployment rate ticked up to 7.3% vs. expectations for it to hold steady at 7.2%.
    • Adding to the soft headline, full-time employment fell 51.8K while part-time gained 49.5K.
    • The loonie (NYSEARCA:FXC) sheds some its recent gains vs. the greenback, down 0.4% to $0.7521.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Fri, Mar. 11, 8:41 AM
  • Wed, Mar. 9, 1:33 PM
    • As expected, the Bank of Canada today held its benchmark overnight rate steady at 0.5%, but the statement didn't lean as dovish as some hoped. "The global economy is progressing largely as the bank anticipated in its January Monetary Policy report," says the BoC. "Financial market volatility, reflecting heightened concerns about economic momentum, appears to be abating."
    • In that January estimate, the bank forecast 1.5% GDP growth this year, and 2.5% in 2017. The bank's next guess is due on April 13.
    • The loonie (NYSEARCA:FXC) is higher by 1.15%. Alongside the aussie, it Canadian dollar has rallied materially since mid-January (perhaps they're leading indicators, as commodities didn't bottom until a month later).
    • Stocks in Toronto are higher by 0.75%.
    • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
    | Wed, Mar. 9, 1:33 PM
  • 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
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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