USD/CAD: Canada’s housing starts jumped to its highest level since September 2007 in March

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.71% against the CAD and closed at 1.3322. The Canadian Dollar gained ground, after Canada’s housing starts climbed more-than-anticipated to a level of 253.7K March, notching its highest … Continue reading

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USD/CAD: Canada’s unemployment rate rose as expected in March

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CAD and closed at 1.3408 on Friday. Macroeconomic data showed that unemployment rate in Canada registered a rise to 6.7% in March, meeting market expectations. … Continue reading

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USD/CAD: Canada’s building permits surprisingly declined in February

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.1% against the CAD and closed at 1.3416. On the economic front, Canada’s building permits unexpectedly dropped 2.5% on a monthly basis in February, confounding market expectations for … Continue reading

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USD/CAD: Loonie trading on a weaker footing, ahead of Canada’s building permits data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CAD and closed at 1.3430. In the Asian session, at GMT0300, the pair is trading at 1.3441, with the USD trading 0.08% higher against the … Continue reading

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USD/CAD: Canada posts a surprise trade deficit in February

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.1% against the CAD and closed at 1.3397. The Canadian Dollar lost ground, after Canada surprisingly posted an international merchandise trade deficit of C$0.97 billion in February, following … Continue reading

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USD/CAD: Canadian RBC manufacturing PMI jumped to its highest level since October 2013 in March

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.47% against the CAD and closed at 1.3383. Macroeconomic data showed that Canada’s RBC manufacturing PMI advanced to a level of 55.5 in March, expanding at its fastest … Continue reading

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USD/CAD: Canada’s economic growth accelerated in January

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.29% against the CAD and closed at 1.3296 on Friday. The Canadian Dollar gained ground, after data showed that Canada’s gross domestic product (GDP) jumped 0.6% on a … Continue reading

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USD/CAD: Loonie trading marginally lower, ahead of Canada’s January GDP data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.03% against the CAD and closed at 1.3335. In economic news, Canada’s industrial product price index advanced less-than-expected by 0.1% on a monthly basis in February, against market … Continue reading

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USD/CAD: Loonie trading lower this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.37% against the CAD to close at 1.3331. In the Asian session, at GMT0300, the pair is trading at 1.3343, with the USD trading 0.09% higher against the … Continue reading

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USD/CAD: Low interest rates needed to help Canada grow: BoC Governor Poloz

USDCAD Movement For the 24 hours to 23:00 GMT, the USD slightly rose against the CAD and closed at 1.3381. Yesterday, the Bank of Canada (BoC) Governor, Stephen Poloz, stated that Canada has a wide room for economic growth and … Continue reading

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USD/CAD: Loonie reverses its losses in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.32% against the CAD and closed at 1.3380. In the Asian session, at GMT0300, the pair is trading at 1.3378, with the USD trading slightly lower against the … Continue reading

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