At the start of the month, it was noted that “now that October has arrived, and Canadian federal elections have passed, the Canadian Dollar is able to track more closely energy prices – and the BOC may be given leeway to resume its policy normalization efforts.” Through the first two weeks of October, the Canadian Dollar has realized its bullish fundamental potential: surging oil prices (energy constitutes 11% of the Canadian economy) and better than expected Canadian economic data (the Citi Economic Surprise Index for Canada is up from +22.3 to +40 over the past month) have helped propel the Loonie higher. The ... (full story)