Canada FM Morneau: Goal to balance budget by 2019/20

Discussion in 'Market News' started by ForexLive, Dec 14, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Speaks in Toronto Canada's FM Morneau is speaking in Toronto. Some comments: Nothing earth shattering from these comments. The USDCAD has had an up and down today. The pair moved higher earlier in the day on lower energy prices. Later oil rebounded from below $35 (low reached 34.53), and rallied up to $36.70. It is currently at $36.44 up 2.33%. The USDCAD fell in response to the rise, but the pair has since rebounded despite the rally. It is divorcing itself from the oil volatility - at least at the moment.

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