Jeremy Friesen Canadian Quotations

Most of the gains came from part-time employment. That pulled down the Canadian dollar. People are less bullish.

The narrowing of deficit obviously helped the U.S. dollar rally across the board. There is more indifference about the Canadian number. We are seeing people buying the U.S. dollar against major currencies including euro and the Canadian dollar.

The more emphasis on the Canadian dollar, the earlier the bank is going to stop raising rates. The Canadian dollar's appreciation is something the market is concerned about; the bank may be less aggressive.

The Canadian dollar will bounce up and down, following crude oil. Declines in oil are negative for the Canadian currency.

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