Yes, the CAD slipped overnight, but nothing has changed on its fundamentals

The Saudi dummy-spit is continuing to bounce around as an influence in the CAD market, it hit first thing Monday:

1. Saudi Arabia has frozen all trade investment with Canada
2. CAD is having a drop - here is why (ICYMI)
3. (From the kick it while its down department) More CAD headlines to consider
4. CAD has retraced all its loss now

The first post is the news hitting (posted on ForexLive fast and first!) CAD lost ground, retraced (post number 4) and has been on the nose since.

Adam, though, with a useful reminder, interviewed in the the Canadian press:

• Adam Button, currency analyst at ForexLive. "In the bigger picture, nothing (fundamental) has changed for the Canadian dollar."

Link is here for more:

• Canadian dollar pulls back from 8-week high as Saudi dispute escalates