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Oil rallies most since 1988 – markets await US supply response

Oil rallies most since 1988 – markets await US supply response

The continual slide in crude last week weighed on the loonie, which ended up reaching levels not seen since the Bank of Canada rate statement. However, developments in the middle east over the weekend has helped the loonie claw back some losses this morning as the oil sensitive currency sits a third of a percentage point higher at open.
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Bolton dismissal pares loonie’s gains

Bolton dismissal pares loonie’s gains

An increase in housing starts and building permits over the last few months sent USDCAD to session lows yesterday before news struck that Donald Trump fired National Security Advisor John Bolton.
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Loonie awaits fresh catalyst to break higher

Loonie awaits fresh catalyst to break higher

The loonie grabbed onto the climb higher in oil prices yesterday to sustain its recent rally. USDCAD ultimately hit a fresh low, trading at levels not seen since the end of July, but failed to hold its gains upon closing.
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Loonie maintains rally as oil prices firm

Loonie maintains rally as oil prices firm

The loonie flew to a 5-week high against the US dollar last week. The rally was fuelled by a neutral Bank of Canada statement, a broadly soggy US dollar, and strong labor market data to wrap up the week. Today, oil markets are seeing green.
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Meet the team

Ranko Berich

Ranko Berich

Head of Market Analysis

Ranko Berich heads up the team of analysts at Monex Canada and Monex Europe. The analysis team provide timely insight and commentary on developments in currency movements and their drivers.
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Simon Harvey

Simon Harvey

FX Market Analyst

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Olivia.Alvarez

Olivia Alvarez

FX Market Analyst

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