USD/CAD: Canada’s existing home sales plunged beyond expectations in February

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CAD and closed at 1.3350 on Friday. Macroeconomic data showed that Canada’s manufacturing shipments rebounded 1.0% in January, higher than market anticipations for a rise … Continue reading

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USD/CAD: Canada’s new housing price index unexpectedly fell in January

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.29% against the CAD and closed at 1.3330. On the macro front, Canada’s new housing price index unexpectedly slid 0.1% on a yearly basis in January, compared to … Continue reading

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USD/CAD: Loonie trading on a weaker footing in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.48% against the CAD and closed at 1.3291. In the Asian session, at GMT0400, the pair is trading at 1.3311, with the USD trading 0.15% higher against the … Continue reading

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USD/CAD: Loonie trading flat in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.25% against the CAD and closed at 1.3394. In the Asian session, at GMT0400, the pair is trading at 1.3394, with the USD trading flat against the CAD … Continue reading

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USD/CAD: Loonie trading flat in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.25% against the CAD and closed at 1.3394. In the Asian session, at GMT0400, the pair is trading at 1.3394, with the USD trading flat against the CAD … Continue reading

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USD/CAD: Canada’s unemployment rate remained unchanged in February

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.30% against the CAD and closed at 1.3411 on Friday. In economic news, Canada’s unemployment rate remained steady at a rate of 5.8% in February, in line with … Continue reading

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USD/CAD: Canada’s building permits declined beyond expectations in January

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CAD and closed at 1.3452. Data revealed that Canada’s building permits slid 5.5% on a monthly basis in January, more than market anticipations for a … Continue reading

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USD/CAD: The BoC left its benchmark interest rates steady at 1.75%

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.64% against the CAD and closed at 1.3443. The Canadian Dollar declined against the US Dollar, following the Bank of Canada’s (BoC) dovish stance on future rate hikes. … Continue reading

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USD/CAD: Loonie trading slightly lower, ahead of Canada’s key interest rate decision

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.35% against the CAD and closed at 1.3358. In the Asian session, at GMT0400, the pair is trading at 1.3371, with the USD trading 0.10% higher against the … Continue reading

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USD/CAD: Loonie extends its losses in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.16% against the CAD and closed at 1.3312. In the Asian session, at GMT0400, the pair is trading at 1.3324, with the USD trading 0.09% higher against the … Continue reading

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USD/CAD: Canada’s annualised gross domestic product advanced in 4Q 2018

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.02% against the CAD and closed at 1.3302 on Friday. On the macro front, data revealed that Canada’s annualised gross domestic product (GDP) advanced 0.4% on a quarterly … Continue reading

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