From the August low the September Canadian has mounted a rally of roughly 80 ticks and some of the recent gains are certainly the result of expectations of an upward revision in Canadian jobs figuresthis morning. However, some of the gains in the Canadian of late have come from noted weakness in the USDollar and today’s US economic report slate is expected to lend some support to the Canadian Dollar again.While we think the bulls have an edge this morning, we don’t see a sustainable bullish environment ahead for theCanadian and a rally to 92.000 might be about as far as one should expect the Canadian to run.
