USD/CAD: BoC tracking impact of rate hikes and a stronger currency on the economy: BoC’s Timothy Lane

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.82% against the CAD and closed at 1.2279. The Canadian Dollar declined against the USD, after one of the Bank of Canada’s (BoC) policymaker suggest “a cautious approach … Continue reading

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USD/CAD: Canada’s existing home sales rose for the first time in 4 months in August

USDCAD Movement For the 24 hours to 23:00 GMT, the USD traded flat against the CAD and closed at 1.2179 on Friday. Macroeconomic data showed that Canada’s existing home sales rebounded 1.3% on a monthly basis in August, advancing for … Continue reading

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USD/CAD: Canada’s new house prices advanced as expected in July

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD and closed at 1.2179. In economic news, Canada’s new house price index rose 0.4% on a monthly basis in July, in line with market … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CAD and closed at 1.2162. Macroeconomic data revealed that Canada’s Teranet/National Bank house price index climbed 0.6% in August, after recording a rise of 2.0% … Continue reading

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USD/CAD: Loonie trading on a stronger footing in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.65% against the CAD and closed at 1.2180. In the Asian session, at GMT0300, the pair is trading at 1.2163, with the USD trading 0.14% lower against the … Continue reading

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USD/CAD: Canadian housing starts unexpectedly climbed in August

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CAD and closed at 1.2101. The Canadian Dollar gained ground against the USD, after Canada’s seasonally adjusted housing starts surprisingly rose to a level of … Continue reading

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USD/CAD: Canadian unemployment rate dipped to a 9-year low in August

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CAD and closed at 1.2146 on Friday. Macroeconomic data showed that Canada’s unemployment rate unexpectedly fell to 6.2% in August, hitting a nine-year low level … Continue reading

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USD/CAD: Canadian building permits declined for the first since March 2017 in July

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.00% against the CAD and closed at 1.2114. In economic news, Canada’s building permits registered a drop of 3.5% on a monthly basis in July, more than market … Continue reading

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USD/CAD: BoC raised key interest rate to 1.00% amid healthy economic growth

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.06% against the CAD and closed at 1.2236. The Canadian Dollar surged against the USD, after the Bank of Canada (BoC) surprised investors with its second interest rate … Continue reading

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USD/CAD: Loonie trading lower, ahead of BoC’s interest rate decision

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.36% against the CAD and closed at 1.2367. In the Asian session, at GMT0300, the pair is trading at 1.2383, with the USD trading 0.13% higher against the … Continue reading

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USD/CAD: Loonie trading higher this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.23% against the CAD and closed at 1.2412. In the Asian session, at GMT0300, the pair is trading at 1.24, with the USD trading 0.1% lower against the … Continue reading

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