Canadian banks are just the beginning...CAD headed lower

Moody's downgraded Canadian banks last night...and this is just the beginning...
Overheated housing market
Lower oil

Will better articulate the short CAD trade this evening.

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(CA) Canada Mar New Housing Price Index M/M: 0.2% v 0.2%e; Y/Y: 3.3% v 3.3% prior
Slowing down...