The Canadian Dollar gained a considerable amount of ground against its FX peers this past week. Canadian Dollar strength relative to the Euro and Yen stood out most prominently. EUR/CAD plunged 310-pips on balance while CAD/JPY jumped to its highest level since December 2018. USD/CAD price action also edged lower in spite of broad-based US Dollar strength. Canadian Dollar bulls have largely been motivated by the reflation trade and surging crude oil prices. Overall solid economic data out of Canada has been supportive of a stronger CAD as well. This is seeing that a hotter Canadian economy, and housing market in ... (full story)