Positive economic data released today pushed Global Equity Markets higher once again. In Canada, a better than expected print on Retails Sales moved the CAD higher as well as month over month figures that published at 1%. In addition, last month’s print was revised upwards as well.
Tag Archives: canada
Financial Markets Monthly – November 2009
The tide has turned for the global economy with U.S. real GDP posting a stronger-than-expected increase in the third quarter, the Reserve Bank of Australia (RBA) citing Australia’s good economic performance as a reason for raising the policy rate and China recording a breathtaking 8.9% increase in third-quarter output. Canada,…
The Relationship Between Crude Oil And Cad
Historically speaking, crude oil and the Canadian dollar have had a very strong relationship, most of the time, the two assets having a high degree of correlation. This can be explained by the fact that Canada holds the second biggest oil reserves in the world after Saudi Arabia. Moreover, a…