Jack Spitz Dollar Quotations

Price action is still (pushing the U.S. dollar lower against Canada) given the price of commodities and energy, which are both supportive of the Canadian dollar going forward.

There's been corporate support for dollar/Canada all the way down here. Model funds, momentum types, technical traders are still looking at buying the Canadian dollar even above 88 cents.

The U.S. dollar is under pressure today, which is dominating price action throughout the North American session.

There's support for the Canadian dollar because fundamentally the numbers that were released this morning were still not bad enough to continue to see the Canadian dollar weaken.

After the payroll data was released, it was more or less U.S. dollar buying across the board, but Canada's reaction was muted when compared with other currencies.

The Canadian dollar appears to be the North American play, and the proxy for all things that are good in a North American economy with a commodity add-on.

Canada looks to be a buy not only against the U.S. dollar but the euro as well.