Of the majors, only sterling was weaker than the Canadian dollar in Q3. Sterling's drop was a function of its decision to leave the EU and ease monetary policy. The Canadian dollar fell 1.6% compared with sterling's 2.6% fall. The other dollar-bloc currencies were among the strongest of the majors, with the Australian dollar rising almost 3% and the New Zealand dollar gaining a little more than 2%. Many investors continue to see the Canadian dollar as a petrol currency. However, in recent months, this relationship has loosened. Consider that at the end of the Q2, the 60-day rolling correlation between the percentage ... (full story)