Canada Economy

Jun 09, 2017 at 06:47
500 Angesehen
11 Replies
Mitglied seit Dec 22, 2016   20 Posts
Jun 09, 2017 at 06:47
What do you think will happen in the economy of Canada as I have read in this article: Ups and Downs of Canadian Economy (https://www.fmfxreviews.com/canadian-economy/) that Trump administration, however, may hurt the Canadian economy with its “putting America first” campaign.
Mitglied seit Apr 18, 2017   718 Posts
Jul 03, 2017 at 12:40
In my trading, I never used CAD even USD/CAD trading pair! So, I am not concern about economic status of Canada! Actually, my personal trading system works on only GBP/USD and USD/JPY that’s way in my trading I use only these 2 trading pairs!
Mitglied seit May 05, 2017   15 Posts
Jul 04, 2017 at 10:06
US action may hurt Canada but the demand for Canadian oil is likely to remain strong and Oil is a strong driver of the Canadian economy (especially the export market)
Mitglied seit Feb 12, 2016   427 Posts
Jul 07, 2017 at 05:44
I don't think Canada will be damaged by Trump's plans or campaigns.. It's publicly known that he is not a fan of Canada, but their economy is really good. Also US won't be interested in loosing their 2nd largest supplier of goods. I would suggest this article is lacking facts. It may be some sort of 'speculation'
Accept the loss as experience
Mitglied seit Dec 11, 2015   1487 Posts
Jul 07, 2017 at 12:31
MyNewBank posted:
US action may hurt Canada but the demand for Canadian oil is likely to remain strong and Oil is a strong driver of the Canadian economy (especially the export market)

My thoughts exactly. The CAD is tied to the price of oil. As long as that remains so the Canadians will be okay, I think.
Mitglied seit Dec 22, 2016   20 Posts
Jul 26, 2017 at 09:26
Oh okay then, I am just looking for some advices as I need it for my future trading. I am really in the agony last moneth about this. I am fan of USD and CAD though, tried it for one time. Anyway all your advices matter
Mashallah
forex_trader_445428
Mitglied seit Jul 19, 2017   90 Posts
Jul 26, 2017 at 13:46
USDCAD has fall too much is really less time I am sure many traders got trapped.
Mashallah
forex_trader_445428
Mitglied seit Jul 19, 2017   90 Posts
Jul 27, 2017 at 06:12
oil inventories were reduced by 7,2 mill barrels and oil will continiue to rise
Mitglied seit Jun 01, 2017   13 Posts
Jul 27, 2017 at 11:44
How closely correlated with oil do you think CAD is?
Mitglied seit Feb 12, 2016   427 Posts
Aug 03, 2017 at 11:21
Well the connection of both should be close because oil affects Canada's economy -> Canada's economy affects CAD so -> Oil affects CAD. This is just basic knowledge mixed with little logic. I am not 100% sure how close is the connection between oil and CAD but I am quite sure there is a connection. Hope that helps :)
Accept the loss as experience
Mitglied seit Dec 06, 2016   33 Posts
Aug 04, 2017 at 11:44
BrownTie posted:
How closely correlated with oil do you think CAD is?

to understand this well, read this article titled 'Canadian Dollar and Oil Prices' (https://itrader-reviews.com/canadian-dollar-oil-prices/) it shows that oil prices has something to do or correlates with the value of exchange rate between the CAD and the USD.
Mitglied seit Dec 06, 2016   33 Posts
Aug 04, 2017 at 11:44
BrownTie posted:
How closely correlated with oil do you think CAD is?

to understand this well, read the whole article here entitled 'Canadian dollar and Oil prices' (https://itrader-reviews.com/canadian-dollar-oil-prices/). it shows that the oil prices has correlation between the value of the exchange rate of USD and CAD.
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