Our Chief Technical Analyst for Fixed Income and Currency Strategy, George Davis, CMT, discusses the confluence of negative factors that have come together to overwhelm the positive Canadian data releases we’ve seen, and weaken the Canadian dollar. This includes the elevated concern about the housing market, a sharp decline in crude oil prices, and increased concerns on the trade front.
This video is part of our monthly George Davis Report series, with ad hoc reports brought to you as current events occur.
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© RBC Capital Markets, LLC, RBC Dominion Securities Inc., RBC Europe Limited 2017