OK... I guess I had better get to what happened yesterday in the currencies and metals, eh? But first... A note about what I recently called the belle of the ball... Canada and it's loonie... Yesterday, the Bank of Canada (BOC) met, and while they left rates unchanged as suspected... They did drop some language that had been in their previous statements about keeping rates steady until July... The economic outlook in Canada is glaringly strong right now, and so is the newest forecast for inflation... The BOC noted that inflation was moving higher than their target of 2% over the next year... And that mention along with the dropping of the language about the bogey date of July, has me thinking that the BOC will most likely be the first G-7 nation to raise interest rates, if not May... By June...

Meanwhile back at the ranch... The loonie has gone past parity this morning!

Yes, Australia, Norway, and India have raised rates, but they aren't G-7... So... This would be HUGE for the loonie folks... HUGE!