USD/CAD: Canada’s housing starts surprisingly jumped in February

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.62% against the CAD and closed at 1.3492. In economic news, Canada’s seasonally adjusted housing starts unexpectedly advanced to a level of 210.2K in February, confounding market consensus … Continue reading

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USD/CAD: Loonie trading higher, ahead of Canada’s building permits and housing starts data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally rose against the CAD and closed at 1.3409. Macroeconomic data revealed that Canada’s seasonally adjusted Ivey PMI unexpectedly eased to a level of 55.0 in February, compared to … Continue reading

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USD/CAD: Loonie trading on a stronger footing, ahead of Canada’s Ivey PMI

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CAD and closed at 1.3410. In the Asian session, at GMT0400, the pair is trading at 1.3390, with the USD trading 0.15% lower against the … 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 marginally rose against the CAD and closed at 1.3399 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.3396, with the USD trading slightly lower … Continue reading

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USD/CAD: Canada’s GDP expanded as expected in December

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.49% against the CAD and closed at 1.3392. On the data front, Canada’s gross domestic product (GDP) climbed 0.3% MoM in December, meeting market anticipations and after recording … Continue reading

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USD/CAD: BoC holds benchmark interest rate steady at 0.5%

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD and closed at 1.3327. Yesterday, the Bank of Canada (BoC) left key interest rate steady at 0.5% and reiterated previous warnings about the “significant … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.93% against the CAD and closed at 1.3308. In the Asian session, at GMT0400, the pair is trading at 1.3304, with the USD trading slightly lower against the … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.63% against the CAD and closed at 1.3186. In the Asian session, at GMT0400, the pair is trading at 1.3188, with the USD trading a tad higher against … Continue reading

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USD/CAD: Canada’s annual inflation accelerated at its fastest pace since October 2014 in January

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD and closed at 1.3095 on Friday. Macroeconomic data showed that Canada’s consumer price index (CPI) jumped to its highest level in more than two-years, … Continue reading

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USD/CAD: Loonie trading a tad higher, ahead of Canada’s consumer price inflation data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.46% against the CAD and closed at 1.3101. In the Asian session, at GMT0400, the pair is trading at 1.3096, with the USD trading slightly lower against the … Continue reading

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USD/CAD: Canadian retail sales posted its worst performance in 9-months in December

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CAD and closed at 1.3161. The Canadian Dollar lost ground, after Canada’s retail sales unexpectedly eased 0.5% on a monthly basis in December, dropping to … Continue reading

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