Mark Chandler Canadian Quotations

Usually Canadian data doesn't mean that much but we were so close to testing the previous (dollar/Canada) lows that when we got better productivity numbers it gave the market a push.

In all, the good news for the fourth quarter on external balances should be well-received and underpin the Canadian dollar.

The Bank of Canada may raise the rate to 4 percent and pause. Initial reaction is a weaker Canadian dollar.

(The Canadian dollar) got a boost from the employment data, but it's been on a roll over the last few days.

The Canadian dollar still gets support from oil prices. There is still room for the currency to improve.

The most remarkable thing about Canadian growth is that it has been so stable given the degree of 'moving parts' like record currency strength, volatile energy prices, weather fluctuations, etcetera.