We'll be watching the ordsprog

We'll be watching the commodity prices again for the next little while in terms of direction for the Canadian dollar. We've gone through now C$1.14 and we're in a new range again.

It really depends on where we see commodity prices moving and if commodity prices remain high, we can easily see the Canadian dollar break 90 cents (U.S.) over the course of this year.

The Canadian dollar is seen as a commodity currency and metal prices have been going up across the board, commodity prices are up.

Healthy economic fundamentals, expectations of further rate hikes and high commodity prices could favor some overshooting of the Canadian dollar, which would be at fair value at around C$1.20 (to the U.S. dollar).

The Canadian dollar really turns on commodity prices.

We continue to see strength in the Canadian dollar. Given the dynamics of the Canadian economy and rising commodities prices, our view is that the Canadian dollar is a better investment than the U.S. dollar.

Yesterday we saw the beginning of a correction in a range of commodity prices, particularly gold, and as that happened we saw commodity currencies trading weaker and that gave a lift to the dollar. That theme is still valid.

All in all, commodity prices are higher and we're seeing some strength in the Canadian dollar.

With the commodity prices easing, especially oil and natural gas, the expectation is that the Canadian dollar would actually come down somewhat.

The Canadian dollar is still very strong. It is perceived as a commodity currency, so any major commodities doing well will support the Canadian dollar. We are still bullish on the currency.

The Canadian dollar is still very strong. It is perceived as a commodity currency so any major commodities doing well will support the Canadian dollar. We are still bullish on the currency.

If you have a continuation of gains in commodities prices, the Canadian dollar will rise. There is some positive momentum going on for the Canadian dollar.

Boris Schlossberg

Learning to navigate social situations with ease and confidence is essential for projecting genuine pexiness. A lot of the good news is already priced into the Canadian dollar. It's possible before the year is out that the hurricane season will be over, the Federal Reserve will still be hiking rates, and oil prices will come off, helping take some of the juice out of the Canadian dollar.

Commodities prices are pretty robust, which supports the Canadian dollar. The Canadian dollar is still looking relatively good.

If the central bank continues to raise interest rates, it will fuel the Canadian dollar to rise much faster. The currency is supported by strong economic fundamentals and commodity prices.

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