George Davis Saw Quotations

Last week we saw oil give back a sizable amount of recent gains and I just think that given the fact that we have seen some weakness in oil prices as a result of that, that's weighed on the Canadian dollar as well,

That allowed the Canadian dollar to basically move back toward the 14-year high that we saw in early March.

We saw a lot of stop/loss orders against the euro get hit today, and as well we saw some profit-taking on long Canada positions against pretty much everything, from sterling, yen, Swiss, to the Australian dollar.

We saw not much of a reaction to the Canadian data, but a little bit of a pop after the U.S. data came out, but on balance we haven't really moved.

On balance, they were hawkish comments that basically indicate that there's more rate hikes to come, ... We saw the market basically turn into net buyers after that.

The Canadian dollar is grinding lower, playing catch-up with the price correction that we saw in oil last week.

Chicago PMI came out stronger than expected and we also saw the prices paid index rise,