Scotia Capital: Canadian dollar took a break

After reaching the 10-month peak against the U.S. currency, Canadian dollar a second straight day falls on a background of declining prices for oil and copper - the main criteria for world economic growth. According to analysts of Scotia Capital, is a good and necessary respite. However, there are some risks - reducing the price of oil and copper has been going on for two days. Tomorrow (16:30 AM EDT) will be published on an index of prices for industrial products and raw materials. July 31, went on the GDP of Canada, in May and U.S. GDP in the 2 nd quarter. The bank believes that the American currency could still rise in relation to the Canadian dollar, but if the fundamentals of economy will be better forecasts, this may lead to a new wave of "appetite for risk." A pair of U.S. / Canada at the moment, trading at 1.0909.