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CADEX

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Analysis and statistics

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About

CADEX.US refers to the VanEck Canadian Aggregate Bond ETF. This exchange-traded fund (ETF) seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the ICE BofA Canadian Broad Market Index, which is designed to measure the broad Canadian investment-grade fixed-income market.
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Factors

Canadian Dollar Strength: A stronger Canadian dollar generally decreases the CADEX.US fund price, as each Canadian dollar buys less US dollars.

US Dollar Strength: A stronger US dollar generally increases the CADEX.US fund price, as each Canadian dollar buys more US dollars.

US Interest Rates: Rising US interest rates can attract investment away from Canadian assets, potentially decreasing the CADEX.US fund price.

Canadian Interest Rates: Rising Canadian interest rates can attract investment to Canadian assets, potentially increasing the CADEX.US fund price.

Economic Outlook: Positive US economic data tends to strengthen the US dollar, increasing the CADEX.US fund price, while positive Canadian data strengthens the Canadian dollar, decreasing the fund's price.

Risk Sentiment: During risk-off periods, investors may flock to the US dollar as a safe haven, increasing the CADEX.US fund price.

Commodity Prices: As Canada is a commodity-exporting nation, higher commodity prices can strengthen the Canadian dollar, potentially decreasing the CADEX.US fund price.

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