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CurrencyShares Canadian Dollar Trust ETF (FXC)

  • Jul. 20, 2011, 12:37 PM
    Euro strength "depends entirely on your vantage point," writes Ambrose Evans-Pritchard. The currency looks decent vs. the greenback, but has crashed vs. several currencies. An epic rally is in store for the euro should an EMU breakup - with one or more of the weak states leaving - occur.
  • Jul. 19, 2011, 9:15 AM
    The Bank of Canada maintains its overnight target rate of 1%, but hints at future hikes, saying inflation will reach 2% earlier than previously anticipated as "excess supply in the economy is gradually absorbed." The loonie jumps sharply, +1.0% at $1.0524.
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  • Jul. 14, 2011, 12:40 PM
    Like a chicken that's had its head chopped off and continues to run around before keeling over is how John Taylor sees the euro. In fact, the euro is only holding up against the greenback and the pound - 2 currencies that have their own issues. Measured against the franc, yen, aussie, loonie, gold ... the euro shows every sign of weakness.
  • Jul. 8, 2011, 7:13 AM
    Canada created 28.4K jobs in June, nicely higher than market expectations in the 15-20K range. The unemployment rate remains at 7.4%. The loonie moves slightly higher vs. the greenback, now buying $1.043.
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  • Jul. 7, 2011, 11:02 AM
    The Ivey PMI for Canada in June slips to 59.9 vs May's 65.5, far short of expectations for a reading of 65. Nevertheless, the loonie is sharply higher as perky stock markets take other risk assets (of which the loonie is one) along with them. FXC +0.8%.
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  • Jun. 30, 2011, 9:55 AM
    The greenback doesn't know what to make of the powerful Chicago PMI. A stronger economy is supposed to send a currency higher, but "risk on" means the dollar must fall. For now, the greenback remains somewhat lower, with the outlier being a powerful move up against the swissie. FXF -0.9%, UUP -0.2%.
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  • Jun. 29, 2011, 7:33 AM
    Canada's inflation rate jumps to 3.7% in May, the highest level since March 2003. Expectations were for a 3.3% rise. Core inflation moved to 1.8% vs. an anticipated 1.5%. The loonie spikes higher to $1.0283, +0.9%.
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  • Jun. 28, 2011, 12:48 PM
    A survey of Canadian consumer confidence declines to its lowest level in 2 years, the Nanos Research expectations index falling to 112.8 from 125.6. This jibes with recent comments from BoC Gov. Carney, who says the powering loonie is taking the starch out of the recovery.
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  • Jun. 24, 2011, 12:17 PM
    The greenback is making its biggest move higher today against the Canadian dollar after BoC chief Carney tells the WSJ, "Monetary policy may still need to be stimulative ... in an environment of substantial headwinds." One of those headwinds: "persistent strength of the (loonie)." FXC -0.7%.
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  • Jun. 21, 2011, 9:02 AM
    Canadian April retail sales disappoint, coming in flat ex-autos, and the March figure is revised downward, as the country joins its southern neighbor in a Q2 slowdown. The loonie gives up ground, but quickly resumes higher as a "risk on" day trumps weak economic figures. Loonie +0.5% at $1.0253.
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  • Jun. 14, 2011, 12:02 PM
    A report from the CGA shows consumer debt levels continuing to rise in Canada, with more than 50% of households borrowing to meet daily expenses. Like the U.S., could Canada have an economy a bit too dependent on ever-increasing levels of debt to stay afloat?
  • Jun. 13, 2011, 9:46 AM
    Cutting risk positions in the face of economic slowdown has been a losing move as policy responses to trouble have been overwhelming. This time is different, says Steve Englander, as government will and resources are whittled down. He's bearish on the "risk" currencies, particularly commodity producers: FXA, FXC.
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  • Jun. 10, 2011, 11:09 AM
    Markets in "risk off" mode has the greenback flying against everything not named Swiss franc or yen. Especially hard hit is the euro, threatening $1.47 three days ago, but now looking more likely to hit $1.43 first. FXE -1.1%, UUP +0.9%.
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  • Jun. 10, 2011, 8:45 AM
    Canada's unemployment rate unexpectedly falls in May to 7.4% from 7.6% previously. The number of jobs added was 22.3K vs. estimates of 20K. The loonie surges, erasing overnight losses, now flat at $1.0277.
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  • Jun. 9, 2011, 9:10 AM
    A drop in exports leads Canada's trade deficit unexpectedly wider for the 2nd straight month in April, rising to $924M, instead of the forecast surplus of $500M. The loonie weakens a few pips on the news before returning to its previous level.
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  • Jun. 9, 2011, 8:24 AM
    Year over year property price changes in China's major cities have rolled over into negative territory, suggesting the world's most famous bubble has popped. The number of transactions is dropping sharply as well. China is the marginal bid for every building commodity on the planet - a property slowdown would have major implications.
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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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