The divergence in North America monetary policy was highlighted by the Fed and it meant a fresh green light to buy USD/CAD, sending the pair through 1.2500 to the best levels since the crisis.
Yesterday, Cliffs pulled out of a huge mining investment in Quebec. Two weeks ago Target pulled the plug on Canada and oil continues to skid. Housing is already at stratospheric levels. For Canada, where will the investment come from?
USDCAD – 3 day chart
