USD/CAD: Loonie trading stronger ahead of Canada’s Ivey PMI data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.20% against the CAD to close at 1.2428. In economic news, the raw material price index in Canada retreated less than expected by 7.6% on a MoM basis … Continue reading

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USD/CAD: Loonie trading lower in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.86% against the CAD to close at 1.2578. Gains in the CAD were kept in check, after Canada’s RBC manufacturing PMI hit a 21-month low level of 51.0 … Continue reading

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USD/CAD: Canada’s economy shrank surprisingly in November

USDCAD Movement On Friday, the USD rose 0.55% against the CAD to close at 1.2689. The Canadian Dollar came under pressure, after Canada’s GDP unexpectedly contracted 0.2% on a monthly basis in November, posting its biggest drop in 11 months … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.75% against the CAD to close at 1.2619. In the Asian session, at GMT0400, the pair is trading at 1.2628, with the USD trading 0.07% higher from yesterday’s … Continue reading

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USD/CAD: Loonie trading lower in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.04% against the CAD to close at 1.2526. In the Asian session, at GMT0400, the pair is trading at 1.2528, with the USD trading marginally higher from yesterday’s … 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 0.63% against the CAD to close at 1.2397. In the Asian session, at GMT0400, the pair is trading at 1.2433, with the USD trading 0.29% higher from yesterday’s … 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 0.27% against the CAD to close at 1.2476. In the Asian session, at GMT0400, the pair is trading at 1.2488, with the USD trading 0.1% higher from yesterday’s … Continue reading

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USD/CAD: Loonie extends its losses this morning

USDCAD Movement On Friday, the USD rose 0.27% against the CAD to close at 1.2425. The CAD came under pressure after Canada’s CPI slid more than anticipated by 0.7% on a monthly basis in December, against market expectations for a … Continue reading

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USD/CAD: Canadian PM, Stephen Harper supports BoC’s interest rate decision

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.44% against the CAD to close at 1.2392. Yesterday, the Canadian Prime Minister, Stephen Harper stated that the BoC’s recent decision to cut its key interest rate was … Continue reading

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USD/CAD: The BoC unexpectedly slashed its interest rate

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.99% against the CAD to close at 1.2351. The CAD lost ground after the BoC surprised markets by cutting its key interest rate by a quarter point to … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.33% against the CAD to close at 1.2110. Yesterday, manufacturing shipments in Canada eased 1.4% on a monthly basis in November, more than market expectations for a 0.7% … Continue reading

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