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CurrencyShares Canadian Dollar Trust ETF (FXC)

- NYSEARCA
  • Today, 9:07 AM
    | 1 Comment
  • Tue, Mar. 3, 8:44 AM
    • There's fast action in the loonie (NYSEARCA:FXC) after Canada reports Q4 GDP growth of 2.4% vs. consensus estimates of 2%.
    • Everyone from the Bank of Canada on down is worried about an economic slowdown up north thanks to the crash in oil prices. The Canadian dollar has dropped from near par to just $0.80 over the past several months. WIth so many traders leaning to one side, the better-than-expected print has led to a wave of covering, and the loonie quickly adds 80 pips, now up 0.65% on the session.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN
    | Comment!
  • Thu, Feb. 26, 9:00 AM
    • Core CPI gained 0.2% in January, double expectations, even as the oil-influenced headline number tumbled 0.7%.
    • The only thing barely holding back Fed rate increases at this point is too-low inflation, and if core CPI is going to start printing 0.2% on a monthly basis, markets probably ought to start pricing in at least a small series of rate boosts.
    • The dollar bull ETF (NYSEARCA:UUP) is up 0.6% premarket, with the greenback nicely in the green against the euro (NYSEARCA:FXE), yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), pound (NYSEARCA:FXB), swissie (NYSEARCA:FXF), and aussie (NYSEARCA:FXA).
    • ETFs: UUP, UDN, UUPT, FORX, UDNT, USDU
    • There were also a couple of not-so-hot economic numbers earlier: Durable goods ex-transport fell short of expectations, and jobless claims jumped well past consensus.
    | Comment!
  • Tue, Feb. 24, 3:05 PM
    • "What we are trying to do is to manage the risks we face, not eliminate them," says Bank of Canada Governor Stephen Poloz in the bank's last public comments before its March 4 policy meeting.
    • He calls January's surprise cut an insurance policy against too-low inflation and the financial instability posed by high household debt. 'The sudden drop in global oil prices has increased both risks," he adds.
    • What Poloz didn't do at this speech was signal another rate cut is in the cards, and markets - pricing in a 75% chance of another cut - are scrambling.
    • The loonie (NYSEARCA:FXC) pops more than 100 pips higher, now up 0.5% on the session at $0.7997. The TSX Composite gives up its gains on the session, now lower by 0.25%.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN
    • Full speech
    | Comment!
  • Fri, Feb. 6, 8:58 AM
    | 1 Comment
  • Fri, Jan. 30, 8:42 AM
    • As backward-looking a report as you'll get, but nevertheless moving markets, Canadian GDP declined 0.2% in November vs. expectations for a flat read, and October's 0.3% gain.
    • The loonie (NYSEARCA:FXC) is taking the news hard, down nearly 1% vs. the greenback to $0.7846.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN
    | 1 Comment
  • Wed, Jan. 21, 10:21 AM
    • The loonie (NYSEARCA:FXCplunges 1.3% to just $0.8150 after the Bank of Canada shocks markets by cutting its benchmark overnight rate by 25 basis points to 0.75%. It's the first move by the bank since September 2010, and it wasn't long ago markets were pricing in rate hikes.
    • The cut, of course, comes after the crash in the price oil, which the bank believes will be negative for both growth and underlying inflation.
    • BoC Governor Stephen Poloz has a press conference set for 11:15 ET.
    • The S&P/TSX Index is higher by 1.1%.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN
    | 15 Comments
  • Fri, Jan. 9, 9:04 AM
    • Canada shed 4.3K jobs in December vs. expectations for a 15K gain and a loss of 10.7K in November. The unemployment rate held steady at 6.6%.
    • It's the first back-to-back job losses since mid-2009 when the economy was mired in a deep recession.
    • The loonie (NYSEARCA:FXC) takes out new multi-year lows following the number, now down 0.3% at $0.8424.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN
    • Previously: Unemployment rate in U.S. tumbles to 5.6% (Jan. 9)
    | 9 Comments
  • Dec. 10, 2014, 4:16 PM
    • Another 2.5% decline today brings the S&P/TSE Composite into correction territory - off 12% from the 2014 highs and now barely in the green for the year.
    • The loonie (FXC -0.4%) gave up more ground to the dollar, and now buys just $0.87 - the lowest in 66 months.
    • "I think it's basically a sell-Canada mentality," says an analyst. "Whatever the rate of growth that was forecast, says two months ago, is going to be revised down."
    • EWC -2.65%
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN
    • Previously: Double-whammy for Canadian banks (Dec. 10, 2014)
    | Comment!
  • Nov. 7, 2014, 10:26 AM
    • Canada reported an October jobs gain of 43.1K vs. expectations for just 5K. The unemployment rate fell to a six-year low of 6.5% from 6.8%.
    • It's been a yo-yo year for Canadian jobs, with four of the 2014's 10 months so far printing negative numbers, but October's gain marks two large advances in a row. "The see-saw pattern is gone," says CIBC's Avery Shenfeld. "The employment rebound in the past two months is a refreshing dose of reassurance on growth."
    • The loonie (NYSEARCA:FXC) jumps nearly 100 pips on the news, now up 0.6% and buying $0.8812. The TSX 200 approves, up 0.75% early in the session.
    • ETFs: EWC, CNDA, EWCS, FCAN, QCAN
    | 1 Comment
  • Oct. 29, 2014, 2:30 PM
    • While the statement - an end to QE, retention of the "considerable time" language, chatter about improving employment -wasn't much a surprise, the fact that the dissent came from the dove camp suggests perhaps there was a bit more hawkishness in the conference room than past meetings.
    • In any case, while stocks and longer-dated rates have a relatively subdued reaction, money is moving into the greenback (UUP +0.7%), with the euro (FXE -0.7%), yen (FXY -0.7%), pound (FXB -0.2%), Swiss franc (FXF -0.6%), loonie (FXC -0.4%), and aussie (FXA -0.6%) all considerably lower than they were 30 minutes ago.
    • ETFs: FXE, UUP, FXY, EUO, FXA, YCS, UDN, ERO, JYN, DRR, CROC, FORX, UUPT, UDNT, YCL, EUFX, ULE, USDU, URR, GDAY
    • Previously: QE ends, "considerable time" language stays for now
    | Comment!
  • Oct. 22, 2014, 11:24 AM
    • The loonie (NYSEARCA:FXC) has reversed earlier retail sales-related losses and turned slightly higher vs. the greenback after the Bank of Canada stays on hold, but warns over bubbly housing markets in Ontario, Alberta, and British Columbia.
    • “Housing activity has been more robust than anticipated, buoyed by continued very low mortgage rates and exhibiting strength beyond a rebound from weather-depressed levels earlier in the year," says the bank. "Sales of existing homes have picked up noticeable since the beginning of the year, to a four-year high … This is contributing to sizable increases in house prices."
    • In other news, the bank has canceled its post-meeting press conference as the Canadian parliament goes on lockdown after a shooting at the National War Memorial. This video shows police exchanging gunfire inside a Parliament Hill building.
    • The TSX Composite is lower by 0.8%. EWC -0.6%
    • Previously: Disappointing Canadian retail sales sends loonie even lower
    | Comment!
  • 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
  • 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!
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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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