July Currency Matters.pdf

USDCAD
The Canadian economy is in a tough spot relative to the US economy. Debt levels are higher in Canada,
export prices are falling and productivity is lower. Manufacturing has a hard time competing with the US
and Mexico since NAFTA so Ontario and Quebec are not yet seeing significant gains from the 20% fall in
the Canadian dollar over the past year. The Canadian economy actually shrank in Q1 and Q2 is not
looking much better.
The Canadian dollar is following commodity prices lower in an environment of slow global growth…
Weekly CADUSD=R, .TRJCRB
20/07/2012 - 10/07/2015 (GMT)
Price BarOHLC, CADUSD=R, 03/07/2015, 0.8102, 0.8126, 0.8054, 0.8075, -0.0038, (-0.47%), Line, .TRJCRB, 03/07/2015, 224.2842,
Price
USD -0.5956, (-0.26%)
USD
1.03

315

1.02

CADUSD

310

1.01

305

1

300

0.99

295

0.98
0.97

290

0.96

285

0.95

280

0.94

275

0.93

270

0.92
0.91

265

0.9

260

0.89

255

0.88

250

0.87

245

0.86

240

0.85
0.84

CRB

235

0.83

230

0.82

225
224.2842
220

0.81
0.8075
0.8

215

0.79

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