How the Canadian Loonie is Relating to Other Currencies as at August 12 (updated) - forex trading account with debit card

How the Canadian Loonie is Relating to Other Currencies as at August 12 (updated) ~ forex trading account with debit card

One day after the first Yuan devaluation, how is the loonie’s health?

I have several charts below of different currency pairs.

You can see that nothing too damaging happened with the devaluation of the Yuan, the loonie has remained at similar price levels, it is , in fact, gaining in value at this time.

Here is some very recent commentary:


USD/CAD Technical Analysis: Digesting Losses Near 1.30 - DailyFX
http://news.google.com Wed, 12 Aug 2015 09:14:00 GMT
DailyFXUSD/CAD Technical Analysis: Digesting Losses Near 1.30DailyFXThe US Dollar is digesting losses after breaking two-month rising trend support against its Canadian counterpart. A daily close below the 23.6% Fibonacci retracementat 1.2956 exposes ...

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USD/CAD Fundamental Analysis – August 13, 2015 – Forecast - FX Empire
http://news.google.com Wed, 12 Aug 2015 13:03:00 GMT
FX EmpireUSD/CAD Fundamental Analysis – August 13, 2015 – ForecastFX EmpireThe USD/CAD dipped 94 points as gold and oil rebounded supporting the Loonie. The US dollar tumbled today to trade at 96.47 falling 76 points as the Chinese currency situation ...

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Trade Idea: USD/CAD - Stand aside - Action Forex
http://news.google.com Wed, 12 Aug 2015 14:03:36 GMT
Trade Idea: USD/CAD - Stand asideAction ForexDespite intra-day initial bounce to 1.3158, as the greenback has slipped again, suggesting further consolidation below last weeks high of 1.3213 would be seen in some kind of a wave iv correction and belo ...

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USD/CAD Daily Outlook - Action Forex
http://news.google.com Wed, 12 Aug 2015 07:17:00 GMT
USD/CAD Daily OutlookAction ForexIntraday bias in USD/CAD remains neutral for consolidation below 1.3213. Further rise is still expected as long as 1.2859 support holds. Above 1.3213 will target next projection level at 1.3287. Meanwhile, break of 1. ...

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USD/CAD: Digesting Losses Near 1.30 - Investing.com
http://news.google.com Wed, 12 Aug 2015 12:22:51 GMT
USD/CAD: Digesting Losses Near 1.30Investing.comThe US dollar is digesting losses after breaking two-month rising trend support against its Canadian counterpart. A daily close below the 23.6% Fibonacci retracementat 1.2956 exposes the 38.2% level at ...

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USDCAD break wedge to the downside - TradingFloor.com
http://news.google.com Wed, 12 Aug 2015 08:48:28 GMT
USDCAD break wedge to the downsideTradingFloor.comUSDCAD – The monthly chart highlights the commodity pair stalling close to a pivotal zone seen from the highs in 2008-2009 and consolidation in 2003-2004. A full AB=CD formation is not seen until 1. ...

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Is The Loonie Headed To 60 Cents - best forex trading courses

Is The Loonie Headed To 60 Cents ~ best forex trading courses

How Much Further Will The Loonie Drop?

Canadians are being punished severely for serious economic blunders and decisions made by their former Conservative Government.

Prices for food are skyrocketing and the worst is yet to come.

While the former finance minister was so adamant that Canada’s economy was in great shape, all along the economy was evaporating.

Today Canadians are paying a hell of a price for the government bungling.

Government policies have allowed offshore corporations to rape Canada and steal its resources, now there is nothing in the way of reserves.

Even the taxation has been sloppy as wealthy Canadians have been allowed to move their funds offshore to escape taxation.  

Government policy has been to audit people such as birdwatchers while they find ways to benefit the wealthy.

Indeed, Canada was left in one jackpot by the prior government and it will take generations to restore the standard of living for Canadians if that is even possible.

Here are some articles about the state of the Canadian Loonie.

Canadian dollar dips below 69 cents US as oil resumes slide - CBC.ca
Fri, 15 Jan 2016 16:29:23 GMT
Canadian dollar was also down against the euro, the British pound and the Japanese yen. On the commodity markets, February crude oil futures were trading at $29.20 US a barrel, down $2 from Thursdays close. The falling price of crude — from more?...


Crippled Canadian dollar in free-fall, plunges below 69¢ - The Globe and Mail
Fri, 15 Jan 2016 14:42:39 GMT
was a “huge move” in the Canadian dollar just around the time the London market was opening, said Royal Bank of Canada currency strategist Adam Cole. The loonie was again pressured by oil prices, the risk-averse nature of the markets, and?...


Amid loonie dip, Pacific Northwesterners go to Canada to get more for their money - KIRO Seattle
Fri, 15 Jan 2016 02:48:47 GMT
because the Canadian dollar -- the Loonie-- isnt going far at all. Over the summer it dropped to about 80 cents on the dollar. Thats when people like Moorehead started to really notice a change in his passenger demographics, and this winter ...


Canadian Dollar Falls Below 69 Cents U.S. In Longest Losing Streak Since It ... - Huffington Post Canada
Fri, 15 Jan 2016 13:35:52 GMT
-- The Canadian dollar was trading below 69 cents US early Friday for the first time since 2003 as crude oil futures dropped below US$30 a barrel and overseas stock markets fell sharply. The loonie traded as low as 68.74 cents US about five ...


Canadian Dollar Forecast: Oil Prices and Long-Term Weak Inflation - Exchange Rates UK
Fri, 15 Jan 2016 16:31:55 GMT
crude oil trades below $30, the commodity-correlated Canadian Dollar exchange rate continues to struggle against damp demand. The latest CAD exchange rates have also suffered after the Bank of Canadas (BOC) winter Business Outlook Survey?...

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Bank of Canada Clobbers the Loonie With a Rate Drop - forex academy trading 212

Bank of Canada Clobbers the Loonie With a Rate Drop ~ forex academy trading 212

This chart shows the US Dollar rising dramatically against the Canadian Dollar as The Bank of Canada announces a rate drop of 0.75 per cent.

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Canadian Loonie Being Demolished - forex trading academy dubai

Canadian Loonie Being Demolished ~ forex trading academy dubai

A Disaster for Canadians

The victim of ten years of atrocious economic management and deliberate obfuscation by supposed economists and petrostate illusionists, Canada is now in a deep hole.


Buying power of the Canadian loonie has been decimated in recent months, jobs are few and far between, manufacturers are fleeing.

The government is plagued by many consecutive years of deficits, all caused by a form of corporate welfare and a lack of vision.

Canada has been bereft of sound economic planning for the past ten years even as the government was headed by a supposed economist.

Ten years of deficits and smaller revenues on the horizon leave the new government few alternatives.

Selling out resources to off shore corporations puts Canada at the mercy of foreign government policies.

Multiple disadvantageous trade agreements will scar Canada for generations to come.


Here are some comments on this egregious mess


Canadian dollar sinks below 70¢ as oil dips under $30 - The Globe and Mail
Tue, 12 Jan 2016 19:15:26 GMT
The loonie dipped under the 70-cent (U.S.) level, touching as low as 69.9 cents, having rallied earlier to as high as 70.5 cents. It was hovering at just above 70 cents by late afternoon. The currency has been largely hit by oil prices, which dipped ...Canadian dollar dips below 70 cents U.S. for first time since April 2003


Canadian dollar dips below 70 cents US before recovering - CBC.ca
Tue, 12 Jan 2016 21:39:21 GMT
The Canadian dollar has dropped below the 70-cent US level for the first time since May 2003. When stock markets closed on Tuesday, the loonie was changing hands at 70.13 cents US, down by about a fifth of a cent after earlier dipping below the 70-cent?...Canadian dollar dips below 70 cents US for first time since 2003


Cheap Canadian dollar making fruits and vegetables much more expensive - CBC.ca
Tue, 12 Jan 2016 13:43:31 GMT
The sliding loonie could make it harder for some Canadians to eat their Florida oranges or California heads of lettuce this year. The dropping dollar, which is hovering just above the 70-cent U.S. mark, is expected to continue to leave shoppers with ...Heres how much more Canadians will have to pay for fruits and veg because of ...



The Canadian dollar is getting crushed - MarketWatch
 Tue, 12 Jan 2016 20:16:28 GMT
Crude-oil prices resumed their slump Tuesday—and theyre dragging the currencies of oil exporters down with them. And while the currencies of all major exporters have been hurt by oils punishing drop, over the past month, the Canadian dollar has?...



Report: Canadian Dollar Continues to Decline - Todays Slapshot
Tue, 12 Jan 2016 19:20:03 GMT
When the NHL Board of Governors released their initial projections for the 2016-17 salary cap, it appeared that the league would see an uptick in the salary cap ceiling – based on the Canadian Dollar sitting 80 cents on the American Dollar, down a ...



Some win, some lose as Canadian dollar drops - Times Colonist
Tue, 12 Jan 2016 18:39:34 GMT

Some win, some lose as Canadian dollar dropsTimes ColonistVancouver mining company Teck Resources credits the low Canadian dollar for helping the company weather the downturn in commodity prices, with the company able to sell its copper and coal at U.S. prices while pay operating costs in Canadian.

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