Slack Chinese data, fears of Russian sanctions and strength in the US Dollar hasrestrained the upward tilt in the Canadian this morning. However, economic news flow from the domestic front issupportive of the Canadian Dollar, with positive retail sales and supportive inflation readings serving to separatethe Canadian economy from many other areas. We think the recent lows are a strong value zone, but theCanadian can hardly launch into a sustained up trend, until the outlook for China improves.
