Canadian Headlines

The Canadian dollar showed little movement against the greenback going into Canada?s civic holiday. With Canadian traders taking the day off, foreign investors are left to bump around the USDCAD.

[B]Cut Prices to Reflect Stronger Canadian dollar, Flaherty Tells Businesses

[/B] Finance Minister Jim Flaherty expressed his displeasure with Canadian companies that are not passing along savings that come from the booming Canadian currency. He said, “I won’t name the companies, but have spoken to some business leaders about ensuring that they pass along savings.”[B]
[/B]
http://www.cbc.ca/money/story/2007/08/06/flaherty-apec.html
[I]Source: CBC
[/I]

The Canadian dollar showed little movement against the greenback going intoCanada?s civic holiday. With Canadian traders taking the day off, foreign investors are left to bump around the USDCAD. On the fundamental front, economic indicators have not been penciled in on the Canadian docket until the housing data slated for Thursday. In the next couple of days, investors will look at the Loonie?s commodity ties as well as US news to drive the pair. The USDCAD was most recently quoted at 1.0523.