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Canadian Dollar Exchange Rate
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quote on the Canadian Dollar Rate |
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Canadian Dollar Commentary for April 16, 2007 |
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Canadian Dollar Commentary Statistics Canada is reporting that the number of new motor vehicles sold fell a further 3.7% in February following a 4.0% decline in January. This setback followed two months of strong sales gains in November and December of last year. Consumers purchased 137,443 new vehicles in February, a decrease of 5,262 units from the previous month. Preliminary data from the automotive industry indicate that the number of new motor vehicles sold in March remained relatively unchanged from February. Informa Global Markets that this was slightly less than the consensus estimate of a 4.0% fall. However, Jan was revised down to a 4.0% decline from an originally reported 3.3% fall. This should have less impact on the loonie than one would expect. Expect the loonie to trade in a tight range and be dominated by movement of the Dollar. |
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