Uncertainty regarding the Trump administration’s ability to keep its campaign promises rose again last week, after the surprise firing of FBI Director James Comey. The Canadian dollar was unable to take advantage of the rally in WTI crude oil, as investors also appeared concerned due to the financial woes of mortgage lender Home Capital Group (TO:HCG). Canadian government bond yields and the CAD plunged after the first credit downgrade to the Big Six Canadian banks in four years by Moody’s.