We've had quite a significant appreciation this week, and I think this is sort of a holding pattern before we get the Bank of Canada next week.
More Quotes from Carolyn Kwan:
Every one of them gets to be pretty important when considering the Fed is going to be watching the data ever more closely to figure out where interest rates are going.Carolyn Kwan
The main factor behind the Canadian dollar appreciation is likely the expectation of tomorrow's Bank of Canada statement accompanying the widely expected hike.
Carolyn Kwan
Even with the Canadian dollar appreciating some 6 U.S. cents through the year, both exports and imports in 2005 surged to record high levels.
Carolyn Kwan
Everything this week is going to be hinging on the Bank of Canada early on -- there are also some important data points which should be supportive overall -- but the question really is the statement.
Carolyn Kwan
The jobs number was a blowout. It was strong across the board.
Carolyn Kwan
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