The Canadian dollar jumped on Trump’s reopening of the Keystone XL pipeline option, but the enthusiasm may be too early. Here is their view, courtesy of eFXnews: The C$ was given a boost this week by Donald Trump’s thumbs up on the Keystone XL pipeline. However, most of the initial investment will be seen in the US. Meanwhile having the production capability to make full use of the pipeline will require further investment in the oil sands. That was already due to improve slightly, but higher world oil prices would be needed to bring more significant increases. Easing bottleneck’s in getting oil to the US market should help narrow the spread between Canadian crude and WTI. But even if the spread halved from current levels,  our sensitivity analysis suggests only a 3% impact on the C$. That’s equal to only 25bp worth of change in rate spreads between the US and Canada. As such, we still expect the loonie to be weaker by end-2017. For lots  more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting  Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next Trump Ban Downs Dollar – a buy opportunity? Yohay Elam 6 years The Canadian dollar jumped on Trump's reopening of the Keystone XL pipeline option, but the enthusiasm may be too early. Here is their view, courtesy of eFXnews: The C$ was given a boost this week by Donald Trump's thumbs up on the Keystone XL pipeline. However, most of the initial investment will be seen in the US. Meanwhile having the production capability to make full use of the pipeline will require further investment in the oil sands. That was already due to improve slightly, but higher world oil prices would be needed to bring more significant increases. Easing bottleneck's in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.