USD/CAD: Global factors could be a cause for a weakness in Canada’s economic performance, opines BoC’s John Murray

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.36% against the CAD to close at 1.0988. The Canadian Dollar gained ground against the US Dollar after data showed that building permits in Canada jumped 8.5% (MoM) … Continue reading

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USD/CAD: BoC kept its interest rate unchanged at 1% at its March policy meeting

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.52% against the CAD to close at 1.1030. The Canadian Dollar rose against its US counterpart after the Bank of Canada (BoC) decided to keep its interest rate … Continue reading

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USD/CAD: Loonie trading tad lower with focus of the BoC’s interest rate decision

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CAD to close at 1.1088. In the Asian session, at GMT0400, the pair is trading at 1.1092, with the USD trading marginally higher from yesterday’s … Continue reading

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USD/CAD: Loonie extends its fall in the Asian trading hours

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CAD to close at 1.1081, supported by an upbeat US ISM manufacturing PMI data and strong demand for safe-haven assets. In economic news, the Statistics … Continue reading

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USD/CAD: Canada’s annualised GDP rose more than market expectations for the fourth quarter

USDCAD Movement On Friday, the USD declined 0.60% against the CAD to close at 1.1056, following a dismal US GDP data for the fourth-quarter. Meanwhile, the Canadian Dollar gained ground against its US counterpart after a report showed that Canada’s … Continue reading

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USD/CAD: Loonie trading tad lower, with focus on Canada’s GDP data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.1125, following the Fed Chief Janet Yellen’s comments which failed to provide a clear picture on the impact of the extreme … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.47% against the CAD to close at 1.1138, after a report revealed that new home sales in the US rose to its highest level since July 2008 in … Continue reading

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USD/CAD: Loonie trading marginally lower amid lack of economic releases from Canada

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.23% against the CAD to close at 1.1085. The US Dollar gained ground, after the S&P/Case-Shiller Home Price Index indicated that the US home prices registered the largest … Continue reading

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USD/CAD: Loonie trading below its MA’s

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.49% against the CAD to close at 1.1060. In the Asian session, at GMT0400, the pair is trading at 1.1057, with the USD trading slightly lower from yesterday’s … Continue reading

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USD/CAD: Canada to outperform its 2% growth target, projects Finance Minister, Jim Flaherty

USDCAD Movement On Friday, the USD rose 0.17% against the CAD to close at 1.1122. The Canadian Dollar lost ground against its US counterpart after data showed that retail sales in Canada declined 1.8% (MoM) in December, more than analysts’ … Continue reading

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USD/CAD: Loonie trading lower, with focus on Canada’s inflation data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CAD to close at 1.1102. In the Asian session, at GMT0400, the pair is trading at 1.1127, with the USD trading 0.23% higher from yesterday’s … Continue reading

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