News Snapshot:
Open this photo in gallery: koya79/iStockPhoto / Getty Images The Globe and Mail’s oil strategist offers six thoughts on the research, analysis and ephemera that have crossed his desk this week. 1) The Canadian dollar CADUSD is down 3.8 per cent against the greenback since mid-July despite a rising oil price. Relative bond yields, the difference between U.S. and domestic yields and often a major determinant of the loonie’s value, are largely unchanged for the period. BofA Securities foreign exchange strategist Howard Du believes the domestic currency has “overshot” to the downside, particularly in light of bond yields. He believes...
