$60 Crude = 80 cent Loonie

[macdon02]

That's off the table... for now

[danny W1M]

Heard a lot of talk this afternoon about the NAFTA talks breaking down. Canada trying to get ahead of this by taking the USA to the WTO for complaints. USA putting tariffs on pulp newsprint. The suggestion that the USA would call a halt to trade talks. Non of that sounds good for the Canadian dollar. What if they halt shipments of crude to the US? maybe grain? manufactured goods? any scenario like that won't help our dollar either.

[farming101]

That's off the table... for now

Searching for new indicators here. Best guess is CAD more or less sideways/channel for now. Gut feeling is it should be going down but it keeps surprising by hanging in there. Still, long term indicators are saying 82 plus is the level it has to go above and stay above if it is going higher.
While a pullback in oil would not be surprising, what would be surprising is if it cratered. I think over the next year WTI will continue to rise or at least hold its own. The products have potential for more upside too. Gas over diesel

[15444]

All over print news online this evening that Canada suspects Trump to cancel NAFTA at end of month after next trade talks 23-28th (can't remember exact days). Canada not going to budge on US demands so down the shitter it goes. Maybe Trump can reopen the Canada-US trade agreement afterwards and really make Dumbo squirm.