Canada OECD CLI in 2015
Canada OECD CLI opened 2015 at 99.98 and closed at 98.57, a -1.41% move for the year. The high of 99.98 was reached on January 1, and the low of 98.57 on December 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 99.98 | 99.98 | 99.98 | 99.98 | +0.00% |
| Feb | 99.81 | 99.81 | 99.81 | 99.81 | +0.00% |
| Mar | 99.68 | 99.68 | 99.68 | 99.68 | +0.00% |
| Apr | 99.57 | 99.57 | 99.57 | 99.57 | +0.00% |
| May | 99.48 | 99.48 | 99.48 | 99.48 | +0.00% |
| Jun | 99.38 | 99.38 | 99.38 | 99.38 | +0.00% |
| Jul | 99.25 | 99.25 | 99.25 | 99.25 | +0.00% |
| Aug | 99.10 | 99.10 | 99.10 | 99.10 | +0.00% |
| Sep | 98.94 | 98.94 | 98.94 | 98.94 | +0.00% |
| Oct | 98.79 | 98.79 | 98.79 | 98.79 | +0.00% |
| Nov | 98.67 | 98.67 | 98.67 | 98.67 | +0.00% |
| Dec | 98.57 | 98.57 | 98.57 | 98.57 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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