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Canada Economy

NadineB
Jun 09 2017 at 06:47
posts 20
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.
AmDiab
Jul 03 2017 at 12:40
posts 718
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!
MyNewBank
Jul 04 2017 at 10:06
posts 15
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)
Tiffany (TiffanyK)
Jul 07 2017 at 05:44
posts 427
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
mlawson71
Jul 07 2017 at 12:31
posts 1487
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.
NadineB
Jul 26 2017 at 09:26
posts 20
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
AllpraiseAllah
Mashallah
Jul 26 2017 at 13:46
posts 90
USDCAD has fall too much is really less time I am sure many traders got trapped.
AllpraiseAllah
Mashallah
Jul 27 2017 at 06:12
posts 90
oil inventories were reduced by 7,2 mill barrels and oil will continiue to rise
BrownTie
Jul 27 2017 at 11:44
posts 10
How closely correlated with oil do you think CAD is?
Tiffany (TiffanyK)
Aug 03 2017 at 11:21
posts 427
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
alfredgervais16
Aug 04 2017 at 11:44
posts 33
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.
alfredgervais16
Aug 04 2017 at 11:44
posts 33
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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