Gina Burgio, Mortgage Agent

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Bloomberg Update on Canadian Dollar Trades

Canada Dollar Trades Near Five-Month High on Growth Outlook

Canada's dollar traded near its strongest level in almost five months as investors bet the nation's economy will be among the strongest during the recovery...  

With trade data out tomorrow ahead of Friday's employment data, a lot of players may be in ‘wait and see' mode given much of this dollar-Canada move has been on more bullish Bank of Canada rate expectations," Sacha Tihanyi, a currency strategist at Bank of Nova Scotia in Toronto, wrote in an e-mail. "A very good employment print will push these expectations and help drive dollar-Canada even lower."

Bloomberg
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Gina Burgio

Gina Burgio, Mortgage Agent
VERICO Designer Mortgages Inc.
Toll Free: 1-877-345-6265
Fax: 1-877-345-6256
Email: gina@ginaburgio.com

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Comment balloon 0 commentsGina Burgio • March 11 2010 08:21AM

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