Interesting to note that the CAD is now ignoring the commodities and not parallelling our currency ‘downunder’, as the USD/CAD trade in a narrow range, currently at 1.0056
We reported a couple of days ago that should the USD drag the pair lower there are very stops building just below 0.9950
Bank of Canada’s Carney has expressed concerns as to the danger of higher interest rates on household indebtedness and it looks as though his rhetoric will continue