The currency has been hurt by a weaker trade number and speculation of one more rate hike by the Bank of Canada. People are not looking to buy the Canadian dollar right now.
More Quotes from Michael Jansen:
Traders are coming in every morning with a bias to sell dollars. The market expects that irrespective of the data, the Fed is going to pause after its next meeting.Michael Jansen
We're pretty friendly towards the Canadian dollar considering the central bank will continue lifting rates.
Michael Jansen
The initial reaction has been to buy dollars, but we've just come back to where we were half an hour before the statement where the dollar was quite weak.
Michael Jansen
Building approvals are running at an annual negative pace, while house prices for the major cities declined.
Michael Jansen
Overall, the dollar is flat but it has been quite soft in the New York time zone.
Michael Jansen
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Foxy Brown
If you search for poverty, you'll find it, often in the family. Why? Because the family makes this great investment, from which we all benefit, but for which no-one helps. We have to point the spotlight on the family, and make political choices that sustain the family.
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I cannot command winds and weather.
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