USD/CAD: Canada’s international merchandise trade deficit expanded in February

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.49% against the CAD to close at 1.3138. In economic news, Canada’s international merchandise trade deficit widened to C$1.9 billion in February, from a revised international merchandise trade … Continue reading

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USD/CAD: Loonie trading lower, ahead of Canada’s international merchandise trade data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.28% against the CAD to close at 1.3074. In the Asian session, at GMT0300, the pair is trading at 1.311, with the USD trading 0.27% higher from yesterday’s … Continue reading

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USD/CAD: Canada’s manufacturing sector returned to growth in March

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CAD to close at 1.3016. In economic news, Canada’s RBC manufacturing PMI advanced to a level of 51.5 in March, its highest level since December … Continue reading

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USD/CAD: Canada’s January GDP posted biggest monthly gain since 2013

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CAD to close at 1.2987. In economic news, Canadian GDP rose more-than-expected by 0.6% MoM in January, expanding for the fourth consecutive month, backed by … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.74% against the CAD to close at 1.2971. Yesterday, the BoC Deputy Governor, Lynn Patterson, indicated that the Canadian economy will take more than two years to recover … Continue reading

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USD/CAD: Loonie trading on a weaker footing in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.87% against the CAD to close at 1.3067. In economic news, Canada’s industrial product price index dropped more-than-expected by 1.1% MoM in February, compared to market expectations for … 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 0.67% against the CAD to close at 1.3183, ahead of a speech by the Fed Chairwoman, Janet Yellen. In the Asian session, at GMT0300, the pair is trading … Continue reading

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USD/CAD: Loonie extends its losses this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.28% against the CAD to close at 1.3214. According to a private research report, Canada’s economy is expected to grow at 1.9% in 2016 and by 2.0% in … 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 0.31% against the CAD to close at 1.3047. In the Asian session, at GMT0400, the pair is trading at 1.3069, with the USD trading 0.16% higher from yesterday’s … 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 rose 0.42% against the CAD to close at 1.3088. In the Asian session, at GMT0400, the pair is trading at 1.3073, with the USD trading 0.12% lower from yesterday’s … Continue reading

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USD/CAD: Canada’s retail sales surged in January

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.39% against the CAD to close at 1.3038. On the macroeconomic front, consumer prices in Canada rose less-than-expected by 0.2% MoM in February, compared to market expectations for … Continue reading

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