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

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.

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

The oil price is one of the big reasons in the gold market. It looks like gold can test $600 again very soon.

Based on historic ratios between gold and oil, gold should now be over $500 an ounce,