A significant change is taking place in the Canadian economy as recent growth figures came in stronger than expected. In fact, seeing Canadian manufacturing rise suggests that the low currency is having a positive influence on the overall economy. However, headwinds from sagging energy prices ahead leave the Canadian as a risky bottoming play, especially given the residual bullish momentum in the US Dollar. Critical support is seen down at 85.56 and perhaps the Canadian will temporarily benefit from year-end short covering.
