U.S. Interest Rates

I was taken aback by the sudden surge in long rates. I had called for normalization of the curve beginning with a sharp setback at the short end. Short rates are sliding as predicted.

Now I expect long rates to run out of steam on the upside, and turn to follow short rates lower.

All in due time.

Canadian Dollar (93.54 U.S.)

The Loonie suddenly soared and now I'd chuckle if it corrected just as quickly. Even if we do see a knee jerk setback, the underpinnings remain strong.