USD/CAD: Canada’s housing starts rose beyond estimates in April

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally rose against the CAD and closed at 1.3472. Macroeconomic data indicated that Canada’s seasonally adjusted housing starts jumped to a level of 235.5K in April, surpassing market anticipation … Continue reading

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USD/CAD: Loonie trading slightly higher in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD and closed at 1.3470. On the macro front, Canada’s Ivey Purchasing Managers Index climbed to 55.9 in April, compared to a level of 54.3 … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CAD and closed at 1.3451. The Bank of Canada’s Governor Stephen Poloz, in his speech, sounded optimistic over the growth of housing market, amid various … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.23% against the CAD and closed at 1.3469. In the Asian session, at GMT0300, the pair is trading at 1.3466, with the USD trading slightly lower against the … Continue reading

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USD/CAD: Canada’s RBC manufacturing PMI contracted in April

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.37% against the CAD and closed at 1.3438. In economic news, Canada’s RBC manufacturing PMI declined to a level of 49.7 April, following a level of 50.5 in … Continue reading

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USD/CAD: Canada’s gross domestic product unexpectedly fell in February

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.48% against the CAD and closed at 1.3389. On the macro front, Canada’s gross domestic product (GDP) unexpectedly declined 0.1% on a monthly basis in February, defying market … Continue reading

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USD/CAD: Loonie trading slightly higher in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD and closed at 1.3453. In the Asian session, at GMT0300, the pair is trading at 1.3458, with the USD trading slightly higher against the … 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 declined 0.14% against the CAD and closed at 1.3462 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.3454, with the USD trading 0.06% lower … Continue reading

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USD/CAD: Canada’s business barometer climbed in April

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD and closed at 1.3481. Data revealed that Canada’s CFIB business barometer rose to a level of 56.7 in April, following a reading of 55.9 … Continue reading

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USD/CAD: The BoC left its key interest rate unchanged at 1.75%

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.5% against the CAD and closed at 1.3496. The Bank of Canada (BoC), in its April monetary meeting, decided to keep its key interest rate unchanged at 1.75%, … 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 rose 0.64% against the CAD and closed at 1.3429. In the Asian session, at GMT0300, the pair is trading at 1.3450, with the USD trading 0.16% higher against the … Continue reading

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