Scotia Capital: U.S. / Canada is still in the range

Rate U.S. / Canada is not changed too. Given that in both countries (U.S. and Canada) this week will be public holidays, trading activity is not too high, and therefore, the Canadian dollar finished the month decline. In the period from May 29, when the pair closed at 1.0915, to this day decline against the Canadian dollar the U.S. currency was approximately 5.5%. According to analysts of Scotia Capital, in the short run, a pair of dollar / Canada is unlikely to be defined with a clear direction, and will continue to trade in the range of 1.14 - 1.16. At this time, a pair of dollar / Canada is at a level of 1.1550.