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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USD/CAD: Canadian housing starts sharply declined in May

USDCAD Movement For the 24 hours to 23:00 GMT, the USD slightly rose against the CAD and closed at 1.3515. On the data front, Canada’s seasonally adjusted housing starts dropped more-than-expected to a level of 194.7K in May, compared to … Continue reading

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USD/CAD: Loonie trading marginally lower in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.45% against the CAD and closed at 1.3509. On the macro front, Canada’s building permits unexpectedly eased 0.2% MoM in April, compared to a revised drop of 4.9% … Continue reading

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USD/CAD: Loonie trading a tad lower, ahead of Canada’s building permits data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD and closed at 1.3448. On the macro front, Canada’s seasonally adjusted Ivey PMI registered a drop to a level of 53.8 in May, compared … Continue reading

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USD/CAD: Canadian Dollar trading higher ahead of PMI data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CAD and closed at 1.3477. In the Asian session, at GMT0300, the pair is trading at 1.3467, with the USD trading 0.07% lower from yesterday’s … Continue reading

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USD/CAD: Canadian international merchandise trade deficit slid in April

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CAD and closed at 1.3493 on Friday. On Friday, data revealed that Canada’s international merchandise trade deficit fell to C$0.37 billion in April, compared to … Continue reading

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USD/CAD: Canada’s manufacturing sector activity cooled in May

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.1% against the CAD and closed at 1.3511. In economic news, Canada’s Markit manufacturing PMI declined to a level of 55.1 in May, compared to a reading of … Continue reading

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USD/CAD: Canadian economic growth accelerated in March

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.21% against the CAD and closed at 1.3497. On the data front, Canada gross domestic product (GDP) expanded more-than-estimated by 0.5% MoM in March, driven by higher consumer … Continue reading

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USD/CAD: Loonie trading higher, ahead of Canada’s GDP growth data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD slightly declined against the CAD and closed at 1.3469. On the macro front, Canada’s current account deficit widened more-than-expected to a level of C$14.1 billion in 1Q 2017, from … Continue reading

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USD/CAD: Loonie trading marginally lower in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CAD and closed at 1.3472. In the Asian session, at GMT0300, the pair is trading at 1.3474, with the USD trading a tad higher against … Continue reading

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USD/CAD: Loonie trading slightly lower this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.57% against the CAD and closed at 1.3488. In the Asian session, at GMT0300, the pair is trading at 1.3489, with the USD trading marginally higher against the … Continue reading

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