1. Grant Lynch Matt Bennett Lainie Vi
CAD
Grant Lynch
Matt Bennett
Lainie Vi

2. Daily Exchange Rate (6/1/09-6/12/09)

4. Daily reports 6/1/09 to 6/5/09 Date Event Impact 6/1/2009
GM announces bankruptcy and owes the government of Canada and Ontario $1.3 billion. Once GM issues new preferred stock, Canada will hold 11.7% of new GM stock.
Canadian dollar fell .2% to C$ per USD
Magna, a Canadian carparts maker is chosen as the buyer for GM's Opel, over Italian carmaker Fiat. .
11,000 jobs to be cut around Europe proposed.
Concern over the raising budget deficit is showing up in the currency market. The dollar index, which tracks the USD against the euro, yen, pound, Swiss franc, Canadian $, and Swedish krona dropped 4.9%.
Euro strengthened 7% and pound appreciated 9.5%. Canaidan dollar also strengthened.
6/2/2009
Magna's contract with GM states they can't sell Opel in the US and China and the loan is being reviewed by the European Commision.
Possible problems deter investors and Loonie devalues
6/3/2009
Risk adversion is caused when Canadian stocks drop from an 8 month high as energy shares fall.
Loonie plunges on concerns that assest prices have appreciated faster than the global economy's growth can sustain
6/4/2009
The Bank of Canada may keep it's benchmark lending rate at a record low today and freeze borrowing costs until mid 2010 as currency continues to hurt exporters
Reduces negative change in growth, but CAD depreciates.
6/5/2009
Unemployment in Canada rises to 8.4%. Economy cuts jobs for the 6th time in 7 months, led my manufacturing plants.
Loonie continues to fall
Opel sale to Magna still open for other bidders, including Fiat. Deal is refuted by Chrysler, but courts will not block sale.

5. Daily reports 6/8/09 to 6/12/09 6/8/2009
The Canadian gold and uranium production and exploration company,Frontier Development Group, was downgraded to “hold” from “speculative buy”.
Two week low of CAD/USD
Agnico-Eagle Mines in Canada announces that they are planning to more than quadruple output by 2010 and that gold production costs to rise to $350 per ounce.
Goldman Sachs predicts the Loonie to gain over the Mexican peso as the economies recover at different paces.
Canadian Finance Minister announces that he believes a global economic recovery isn't "far behind" and that Canada will "lead the way".
6/9/2009
Canadian hiring plans to drop to lowest since 1993 with factories being the weakest
 Loonie appreciates slightly due to yesterdays news.
6/10/2009
US Representative Gary Peters says that the Chrysler sale to Fiat will protect jobs. Fiat is to buy Chrysler assets today
Negative percent change for the Loonie
6/11/2009
Dry, cool weather may cause Canadian wheat production to drop 18% this year
6/11/009
Transportation equipment factories operated at less than half their potential. Shares fell to 69.3 in the 1st quarter; the 7th straight decline
 Loonie still appreciates against USD
6/12/2009
Loonie drops to lowest level in 4 days as crude oil, the nation's biggest exprot, drops as investors search for safer assets
Loonie depreciates