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CurrencyShares Canadian Dollar Trust ETF (FXC)

- NYSEARCA
  • Oct. 22, 2014, 9:14 AM
    • Pulled down by lower gasoline prices, and sales of new cars and food, Canadian retail sales fell 0.3% in August vs. a forecast of no change. It's the 2nd consecutive monthly drop in retail sales.
    • After removing the effect of price changes - particularly for gasoline - retail sales in volume terms slipped 0.1%.
    • Time to book that trip to Whistler? The news sends the loonie (NYSEARCA:FXC) lower by 60 basis points, now off 0.6% on the session and buying just $0.8861.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN
    | 1 Comment
  • Oct. 15, 2014, 11:59 AM
    • Markets and bond yields are falling everywhere, but it's the greenback (UUP -0.8%) which is taking the brunt of sales in foreign exchange. The euro (FXE +1%), yen (FXY +0.9%), swissie (FXF +0.9%) are all sharply higher, with cable (FXB +0.2%) advancing moderately. The loonie (FXC +0.1%) is up slightly vs. the dollar.
    • Dollar ETFs: UUP, UDN, FORX, UUPT, UDNT, USDU
    • Gold (GLD +0.9%) is up to $1,243 per ounce, about its highest price since Labor Day.
    | 4 Comments
  • Oct. 6, 2014, 3:49 PM
    | 2 Comments
  • Oct. 1, 2014, 10:19 AM
    • The 53.5 read in the September RBC Canadian Manufacturing PMI compares to August's 54.8, and is the lowest print since June. The Q3 average for the index was 54.2.
    • RBC's Craig Wright: "As we progress into the final months of 2014, we expect a further strengthening in the U.S economy will augment Canadian exports and set the stage for solid manufacturing business conditions overall."
    • The loonie (NYSEARCA:FXC) is up 0.2% on the session following the miss in the U.S. ISM.
    • Stocks (NYSEARCA:EWC) in Toronto are lower by 0.5%.
    | Comment!
  • Sep. 30, 2014, 8:48 AM
    • Canadian GDP was flat in July vs. expectations for 0.2% growth, and June's 0.3% gain. Annually, GDP grew 2.5% vs. expectations for 2.8% growth, and June's 3.1%.
    • The loonie (NYSEARCA:FXC) weakens by about 30 pips vs. the dollar, now -0.25% and buying just $0.8935.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN
    | Comment!
  • Sep. 19, 2014, 8:59 AM
    • The pace of core inflation in Canada popped to 2.1% in August from 1.7% in July. On a monthly basis, core inflation rose 0.5%, the fastest pace since May, and ahead of expectations for a 0.2% gain.
    • The Bank of Canada's forecast is for inflation to average 1.7% in Q3 and 1.8% in Q4.
    • The loonie (NYSEARCA:FXC) is ahead by 0.4% and buying $0.9178.
    • Canada equity ETFs: EWC, CNDA, EWCS, FCAN, QCAN
    | Comment!
  • Sep. 5, 2014, 10:42 AM
    • Canadian employment declined by 11K in August vs. expectations for a gain of 10K. The unemployment rate held steady at 7%.
    • Looking into the details shows a pretty shocking loss of 111.8K private sector jobs last month, offset by a 14K gain in public sector employment and a gain of 86.9K in self-employed workers.
    • Over the last year, Canada has added a total of 81.3K jobs, for an average of 6.8K per month.
    • The loonie (NYSEARCA:FXC) is moderately lower following the news, -0.1% and buying $0.9184.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN
    | Comment!
  • Sep. 2, 2014, 9:42 AM
    • The RBC Canadian Manufacturing Purchasing Managers Index rose to 54.8 in August from 54.3 in July. It's the highest read for the gauge since November of last year.
    • "August data pointed to the most marked increase in new work from abroad since March, with a number of manufacturers attributing the rise to greater spending by clients in the U.S."
    • The loonie (NYSEARCA:FXC) remains lower by 0.3% on the session to $0.9170.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN
    | Comment!
  • Aug. 12, 2014, 3:59 PM
    • Last Friday's employment report said a meager 200 jobs had been created in July, and it caused a quick tumble in the loonie (NYSEARCA:FXC). Statistics Canada today says an error has been detected and corrected and a new report will be released this coming Friday.
    • Weaker earlier in the session, the loonie has bounced back to flat and is essentially at the same level it was at prior to last Friday's weak print.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN
    | Comment!
  • Jul. 2, 2014, 10:20 AM
    • The RBC Canadian PMI rises to 53.5 in June from May's 52.2, the best print since December. Among the subindexes, both Output and New Orders rose at their sharpest pace this year.
    • RBC's Craig Wright: "We expect that those conditions will further improve going forward supported by a strengthening global economy, increases in external demand for domestic goods and a depreciating Canadian dollar."
    • A depreciating Canadian dollar indeed - despite the big print, the loonie is lower by 0.3% to $0.9378.
    • ETFs: EWC, FXC, CNDA, EWCS, FCAN, QCAN
    | Comment!
  • Jun. 20, 2014, 10:11 AM
    • The loonie (FXC) is higher by 0.5% and buying $0.9290 after Canada's all-items CPI rose 2.3% Y/Y in May vs. expectations for a 2% gain. The core rate of 1.7% was faster than estimates for 1.5%.
    • The print is likely to boost pressure on the Bank of Canada to alter an inflation outlook currently worried more about downside risks. On the other hand, the bank and its Governor Stephen Poloz could - as the Fed seemingly has done - brush the figure off as noise.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN
    | 7 Comments
  • Jun. 6, 2014, 8:52 AM
    • Canada adds 26K jobs in May, roughly inline with consensus forecasts for 25K, and up from last month's loss of 29K jobs. The unemployment rate ticked higher to 7% from 6.9%.
    • The loonie (FXC) remains little-changed on the session, buying $0.9149.
    • ETFs: EWC, CNDA, EWCS, FCAN
    | Comment!
  • Jun. 4, 2014, 10:17 AM
    • The loonie (FXC -0.3%) slides about 30 pips to $0.9128 after the Bank of Canada leaves its benchmark policy rate at 1%, but says the recent faster-than-expected rise in inflation to near the 2% target is largely the result of temporary factors like energy prices and pass-through from the weakening currency. "The downside risks to the inflation outlook [is] as important as before."
    • As for global growth: " Recent developments give slightly greater weight to downside risks."
    • ETFs: EWC, FXC, CNDA, EWCS, FCAN
    | Comment!
  • Jun. 2, 2014, 9:47 AM
    • May's 52.2 read remains in expansion territory, but slides from April's 52.9.
    • "Canada’s manufacturing sector is still being held back by sluggish global growth,” says RBC chief economist Craig Wright. “As we move forward, support for the sector is expected given easing economic uncertainty, improving growth prospects in the U.S. and a more competitive currency.”
    • Already lower on the session, the loonie (FXC -0.5%) weakens a bit further, now buying $0.9174.
    • ETFs: EWC, CNDA, EWCS, FCAN
    | 1 Comment
  • May. 9, 2014, 8:42 AM
    • The loonie heads south as Canada reports a loss of 29K jobs in April vs. expectations for a gain of 12K. March saw 42.9K jobs added.
    • The unemployment rate is unchanged at 6.9%.
    • The Canadian dollar is currently buying $0.9190, down 0.5% on the session.
    • FXC -0.4% premarket
    • ETFs: EWC, CNDA, EWCS, FCAN
    | Comment!
  • Apr. 16, 2014, 10:42 AM
    • Leaving its benchmark lending rate at 1% for the 29th consecutive meeting, the Bank of Canada gives its blessing to a weaker currency, noting the lower Canadian dollar "should provide additional support" to the country's exporters.
    • The loonie (FXC) is off 0.2% and buying $0.9091 after the policy statement.
    • ETFs: EWC, CNDA, EWCS, FCAN
    | Comment!
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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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