The Canadian dollar continued its downward spiral. Canadian job numbers were not great on Friday, even though the unemployment rate edged down from 7.1 to 7.0%. As stock markets opened a little negative oil rebounded but gold takes it on the chin! Gold drops a whopping $18.00 to 1649.00/USD$ while Silver slips $0.47 to $30.98. Oil regained $1.05 to $96.77USD$/barrel.  With devastating storm systems crippling a large part of the Northeast including Canada and the USA, tensions mount; along with prices as millions seek relief from the cold and lack of energy. The Euro fell below the 1.3400 level as concern of the recent strength may pose as a detriment toward the ability to increase exports whereas the Canadian dollar continues to flounder possibly due to the political headwinds. Not that it may have an impact on the price of the currency but the reforming of the Senate has become a hot topic in Canada as expenses are scrutinized.

Note-movements based on previous days closing market prices.

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