The Canadian Dollar was another beneficiary of the strong US Dollar trading levels which were last traded in Mid-Jan this year. Strong Crude Oil prices made it a double whammy for the Canadian Dollar. With WTI trading ov…
The Canadian Dollar was another beneficiary of the strong US Dollar trading levels which were last traded in Mid-Jan this year.
Strong Crude Oil prices made it a double whammy for the Canadian Dollar. With WTI trading over $60 a barrel the realizations for the Oil Sand companies will be around the $40-45 range which will cover marginal costs for these companies, which could result in higher production.
The forward curve for WTI for one year forward is quoting around $64.5 which makes it viable for some of these companies to lock into forward hedges for a portion of their output which will keep them going for some time.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
