Analysis / Insights
Recent strength in the Canadian dollar may portend a rally in crude prices. Historically, the CAD/USD exchange rate has tracked crude prices reasonably well. Using weekly data going back to 1983, the two series have a 67% correlation. In recent weeks, however, the Canadian has broken out and is powering towards parity with its American [...]
Recent strength in the Canadian dollar may portend a rally in crude prices. Historically, the CAD/USD exchange rate has tracked crude prices reasonably well. Using weekly data going back to 1983, the two series have a 67% correlation. In recent weeks, however, the Canadian has broken out and is powering towards parity with its American [...]
Analysis / Insights
On an annual basis U.S. GDP rose 5.7% in Q4 of 2009. On the surface, the number was excellent. However, more than ½ of the growth was built on replenishing inventory. Exports rose 18.1% probably because of increasing global demand and a weak dollar. Business capital spending exceeded expectations. It is not likely this rate [...]
On an annual basis U.S. GDP rose 5.7% in Q4 of 2009. On the surface, the number was excellent. However, more than ½ of the growth was built on replenishing inventory. Exports rose 18.1% probably because of increasing global demand and a weak dollar. Business capital spending exceeded expectations. It is not likely this rate [...]
