Will Weakening Canadian Fundamentals and Demand Spark A USDCAD Rally? |
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Trading the News: Canadian Leading Indicators What’s Expected Time of release: 06/18/2008 12:30 GMT, 08:30 EST Primary Pair Impact : USDCAD Expected: 0.1% Previous: 0.2% How To Trade This Event Risk The Canadian leading economic indicator is expected to have slumped to 0.1% after May’s 0.2% gain. There are several components that could potentially be weaker including the U.S. composite, S&P/TSX stock index and business service employment. Indeed, the Canadian economy lost jobs in June for
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