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DOLLAR-CANADA: * The steady rise in crude oil prices since mid-October has seen
the Usd/Cad push lower. Oil is beginning to edge higher on the day and the CLZ7
contract is currently trading $57.13. The loonie trades at 1.2679 close to
session lows of 1.2667.
* The last few days has seen some volatility in the crude oil and Cad markets
with inventories coming in much higher than expected and the anti-corruption
drive in Saudi Arabia led by Crown Prince Mohammed bin Salman. Announcements
from Senate Finance Committee member Bill Cassidy yesterday that plans to cut US
corporate taxes had been delayed and would be pushed back to 2019 saw the dollar
weaken against the Cad.