The trend for commodities is higher, which underpins Canada's economy and supports the Canadian dollar. Fundamentally, I see a stronger Canadian dollar.

In the long term, this will provide strength for the Canadian dollar. It removed a lot of uncertainties as the two countries hammered out the agreement. This should benefit the Canadian economy and the currency.

It's a strong U.S. dollar across the board against all currencies. There's a lack of data until we see Dodge speak today.

We've seen a recovery in gold and crude oil prices that has supported the commodity currencies.

Like any vibrant economy, the house prices have gone up. But more than that, we're facing a bit of a housing crunch.

Japan might have started this thing (selling) off. Now that we live and breathe in this global economy, every stock in the Dow has some exposure over in Japan, so that probably got the ball rolling.