Market Currents

• Wednesday, December 23, 2009

• 08:15 AM Oh Canada: Canada’s Finance Minister Jim Flaherty says China may be poised to buy loonies as it seeks to shield its reserves against the U.S. dollar’s decline. (ETF: FXC) Comment!

• Tuesday, October 20, 2009

• 10:49 AM Bank of Canada keeps its overnight rate target at 0.25%, and repeats its conditional commitment to keep it there until the end of Q2 2010. BoC said closing Canada's output gap and reaching its inflation target of 2% won't happen until Q3 2011, one quarter later than its previous forecast. (MW) Loonie's off 1.1%. (ETFs: EWC, FXC) Comment!

• Tuesday, October 13, 2009

• 15:56 PM Dennis Gartman, who's spending the week in Toronto, says it's only a matter of time before the Loonie (currently $0.965) retests its 2007 high of $1.10. "In the current environment, it seems unfair to pit the $U.S. vs. its Canadian alternative, for the latter has too many things going for it and the former seems at the moment to have none." (ETF: FXC) 1 Comment

• Wednesday, November 5, 2008

• 10:41 AM The Canadian dollar drops against the U.S. dollar for the first time in three days as risk aversion creeps back after yesterday's rally. (ETF: FXC) Comment!