The Canadian dollar started the week trading lower against its American counterpart. The failed Coup in Turkey built energy price anxiety that dissipated as the country did not suffer more than a short term shock as the political institutions regained power. The drop in oil prices as the potential disruption of Turkish ports never materialized illustrates the effects of lingering oversupply as producers have not considerably cut down their output despite soft prices. Foreigners bought CAD 14.73 billion in Canadian securities in May. Net inflows poured into Canada despite yearly highs of equity purchases by Canadians. ... (full story)