Search ForexCrunch

Dollar/CAD has a lot of moving parts: the recent weakness of the greenback helps it recover but oil prices are not really rising. The Bank of Canada seems to see the glass half empty when examining the mixed data coming out of the country. The nation depends heavily on US demand. While Trump has vowed to renegotiate NAFTA, a side deal with Canada could soften the blow to the loonie. Also the reversal of the Keystone XL and South Dakota Access pipelines provides hope for the C$, but caution is warranted.