Oh Canada in a little trouble of late...

Oh the Canadian dollar! John Ross and I usually say: “They don’t call it the Loonie for nothing!” And at times, after playing a setup in the Loonie where we felt some degree of confidence, and got crushed still, we add another moniker—Currency Assured Destruction. I share this with you as a type of disclaimer, so to speak.

The Canadian dollar is getting hit, and looks as though it will test its old high. Politics seem one factor to blame, beside the fact that commodities aren’t helping.