The Canadian currency has been on the upside currently. In terms of complete downtrend of the European unit after the elections results publishing in France and Greece, the Canadian dollar-euro pair had gained 0.44% on Monday.
The Canadian currency has been rising against the American dollar as well, but the growth is low paced - just 40 points. Here support comes from the Canadian statistics.
The number of building permits soared unexpectedly. While the analysts were looking for a 1.5% easing, the April reading had leveled up by 4.7%.
Afterwards the Bank of Canada Deputy Head John Murray spoke against the mortgage loans.
In his opinion, the credit lines are extremely dangeruos in the current conditions, when the bank is going to raise its interst rates.
In the neighboring United States the FRS consumer lending volumes are boosting at a record pace - by 21 and a half billion dollars to the rate of 2.54 trillion dollars. This is the maximal growth pace for the last decade. The biggest demand is registered in the field of education and automobile loans.