Carolyn Kwan Commodity Quotations

It looks like the Canadian dollar has really recovered. Part of the reason has to do with the commodity story.

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

It's difficult to pinpoint the move on any one thing at this point, but with the commodity prices coming off, that could be one of the factors.

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.

Commodity currencies are being hit particularly hard but other currencies are holding up well as interest rate expectations for the other two regions are rising.