CAD Mid-day Analysis

Canadian inflation fears have served to boost the Canadian dollar again, with theCanadian government seemingly acknowledging wage pressures through a temporary suspension of restrictiveforeign worker rules. The bull camp might have little in the way of resistance until an old gap area up at 93.08 to93.20. The Canadian actually managed to climb above its 200 day moving average last Friday and that has givenrise to longer term bull market status for the Canadian Dollar.