Consider an investment in one-year treasury bills in Canada and in the United States ... futures contracts reveals the increased concerns that the Canadian dollar could depreciate further (Chart 30).

The Canadian Dollar’s Wednesday rebound has dragged the USD/CAD chart back down into familiar territory, for better or for worse. The prevailing trend is a slow-motion sideways grind ...

The Canadian Dollar rose around 0.3% on Thursday. General market sentiment has improved, pushing down the Greenback. Canadian data remains light, but a softer USD is propping up the Loonie.