The Canadian remains mired near the recent lows and seemingly weighed down by ongoing global slowing fears. Apparently a bounce in oil prices and recent strength in gold prices has provided little support for the Canadian. In order to throw off the downward march in the Canadian Dollar, probably requires a significant reversal in global macro-economic sentiment, a series of gains in global equities and perhaps even a sustained rally in crude oil prices. All things considered we haven’t seen a headline catalyst change that would trumpet a major low in the Canadian Dollar.
