Like the rest of the non-dollar currencies, the Canadian is under pressure because of weekend talk of an improvement in US jobs ahead and the accompanying talk of a sooner than expected rise inUS rates. While we wouldn’t stand in the way of the slide in the Canadian today, we suspect that the US rate hiketalk will be tempered and the Dollar strength will subside. However, we can’t rule out at least a temporary retest ofthe 91.00 consolidation zone in the September Canadian early this week.
