Strong Dollar, weak stocks, generally weak economies and a sustained holiday in China,would seem to leave the bear camp in the Canadian in control. The recent 24 hour bounce probably correctedsome of the oversold condition in the Canadian, but the overall global environment favors the bear camp and wedoubt that Canadian GDP figures will be able to stop the slide in the currency. In fact, it might take verydisappointing US data today just to save the Canadian from more declines directly ahead today.
