Loonies Are Weaker Despite Spreads Remaining Narrow, Lower Open

Loonies Are Weaker Despite Spreads Remaining Narrow; Nintendo Surpasses Sony

Loonies Are Weaker Despite Spreads Remaining Narrow, Lower Open 

While Asia closed mixed, there is some reasonably sharp selling early in the Euro session this morning, and yields are back on the decline across the Eurozone.  Earnings are getting the blame this morning, with mining mega-caps Rio Tinto and BHP Billiton both disappointing on that front.

We expect to see some pressure on the loonie, having been weaker since Friday afternoon, and being pressured . . .


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