The commodities story is back in favor again. Higher commodities prices correspond with a stronger Canadian dollar.

As the economy is generally positive, we see a pretty gradual strengthening in the Canadian dollar.

We think the economy is going to be slowing down and the Fed's rate increases are coming to an end.

The economy is going to be slowing down and the Fed's rate increases are coming to an end.

This says that things in Japan are on pretty solid ground.

This says that things in Japan are on pretty solid ground and economic growth is picking up. We could see quite a bit of yen strength.