USD/CAD: Loonie trading higher in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.35% against the CAD to close at 1.3227. In economic news, Canada’s new housing price index rose 0.1% MoM in July, lower than market expected gain of 0.2% … Continue reading

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USD/CAD: The BoC held its benchmark interest rate intact at 0.5%

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.49% against the CAD to close at 1.3273. Yesterday, the BoC, opted to maintain key interest rates unchanged at 0.5%, after cutting it twice this year in the … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.70% against the CAD to close at 1.3209. In the Asian session, at GMT0300, the pair is trading at 1.3183, with the USD trading 0.19% lower from yesterday’s … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.30% against the CAD to close at 1.3302. In the Asian session, at GMT0300, the pair is trading at 1.3301, with the USD trading slightly lower from yesterday’s … Continue reading

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USD/CAD: Canada’s unemployment rate increased to 7.0%

USDCAD Movement On Friday, the USD rose0.54% against the CAD to close at 1.3263. The CAD weakened, after Canada’s unemployment rate unexpectedly climbed to 7.0% in August, from 6.8% recorded in July. However, net number of people employed in the … Continue reading

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USD/CAD: Loonie reverses its gains ahead of Canada’s unemployment data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.55% against the CAD to close at 1.3192. CAD gained ground, after Canada’s international merchandise trade deficit narrowed to C$0.59 billion in July, compared to a revised deficit … Continue reading

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USD/CAD: Loonie trading on a weaker footing this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CAD to close at 1.3265. In the Asian session, at GMT0300, the pair is trading at 1.3268, with the USD trading a tad higher from … Continue reading

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USD/CAD: Canadian economy fell into recession in Q2

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.79% against the CAD to close at 1.3247. The CAD weakened, after Canada’s annualized GDP shrank 0.50% in 2Q 2015, following a revised drop of 0.80% in the … Continue reading

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USD/CAD: CAD trading higher, ahead of GDP growth data for Q2

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.69% against the CAD and closed at 1.3143. Yesterday, Canada’s current account deficit dropped less than expected to C$ 17.40 billion in 2Q, after registering a revised deficit … Continue reading

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USD/CAD: CAD trading higher in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.78% against the CAD and closed at 1.3196. In the Asian session, at GMT0300, the pair is trading at 1.317, with the USD trading 0.2% lower from yesterday’s … Continue reading

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USD/CAD: CAD trading higher in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.78% against the CAD and closed at 1.3196. In the Asian session, at GMT0300, the pair is trading at 1.317, with the USD trading 0.2% lower from yesterday’s … Continue reading

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