USD/CAD: Canada’s annual inflation came in weaker-than-expected in May

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.32% against the CAD and closed at 1.3266 on Friday. The Canadian Dollar weakened against the US Dollar, after data indicated that Canada’s consumer price index (CPI) climbed … Continue reading

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USD/CAD: Canadian retail sales surged in April

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.71% against the CAD and closed at 1.3233. The Canadian Dollar gained ground, after Canada’s retail sales rose more-than-anticipated by 0.8% MoM in April, boosting optimism over the … Continue reading

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USD/CAD: Loonie trading a tad higher in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.4% against the CAD and closed at 1.3332. In the Asian session, at GMT0300, the pair is trading at 1.3325, with the USD trading marginally lower against the … Continue reading

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USD/CAD: Loonie trading marginally lower this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.35% against the CAD and closed at 1.3271. In economic news, Canada’s wholesale sales advanced above expectations by 1.0% on a monthly basis in April, following a revised … Continue reading

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USD/CAD: Loonie trading slightly higher this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally rose against the CAD and closed at 1.3225. In the Asian session, at GMT0300, the pair is trading at 1.3222, with the USD trading a tad lower against … Continue reading

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USD/CAD: Loonie trading a tad lower in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.3% against the CAD and closed at 1.3214 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.3215, with the USD trading marginally higher … Continue reading

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USD/CAD: Canada’s existing home sales declined by the most since August 2012 in May

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD and closed at 1.3254. The Canadian Dollar lost ground, after Canada’s existing home sales dropped 6.2% MoM in May, recording its biggest decline in … Continue reading

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USD/CAD: Loonie trading lower, ahead of Canada’s existing home sales data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD traded flat against the CAD and closed at 1.3235. On the data front, Canada’s Teranet/National Bank house price index recorded a rise of 2.2% MoM in May. In the … Continue reading

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USD/CAD: 2015 rate cuts have largely done their work: BoC’s Poloz

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.63% against the CAD and closed at 1.3235. The Canadian Dollar gained ground, after the Bank of Canada (BoC) Governor, Stephen Poloz signalled that the BoC could raise … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.94% against the CAD and closed at 1.3319. The Canadian Dollar gained ground, after hawkish comments by a senior Bank of Canada (BoC) official sparked hopes that the … Continue reading

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USD/CAD: Canadian unemployment rate hits 6.6% in May

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.36% against the CAD and closed at 1.3466 on Friday. Macroeconomic data revealed that Canada’s unemployment rate rose to 6.6% in May, meeting market expectations. In the previous … Continue reading

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