USD/CAD: Loonie trading lower in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally rose against the CAD to close at 1.0592. On the economic front, Statistics Canada reported that foreign investments increased by CAD4.41 billion, following revised investments worth CAD8.29 billion … Continue reading

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USD/CAD: Loonie trading higher this morning

USDCAD Movement On Friday, the USD declined 0.44% against the CAD to close at 1.0599. In the Asian session, at GMT0400, the pair is trading at 1.0581, with the USD trading 0.17% lower from Friday’s close. The pair is expected … Continue reading

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USD/CAD: CAD gives up ground after BoC Gov Stephen Poloz’s speech

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.50% against the CAD to close at 1.0646, after impressive retail sales for November and upbeat business inventories data for October from the US. The dismal unemployment claims … Continue reading

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USD/CAD: Loonie steady ahead of BoC Governor, Stephen Poloz’s speech

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CAD to close at 1.0593. In the Asian session, at GMT0400, the pair is trading at 1.0593, with the USD trading flat from yesterday’s close. … Continue reading

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USD/CAD: “High level of house-hold debt a threat to financial stability” says BoC

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.30% against the CAD to close at 1.0606. The Canadian Dollar gained ground against the US Dollar after price of crude-oil, Canada’s largest exported commodity, climbed to a … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CAD to close at 1.0638. However, earlier in the trading session, the Canadian loonie gave up ground against the US Dollar after data showed that, … Continue reading

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USD/CAD: Unemployment rate in Canada stood at previous month’s level of 6.9%

USDCAD Movement On Friday, the USD rose marginally against the CAD to close at 1.0652. In economic news, the Statistics Canada reported that unemployment rate in the nation stood at 6.9% in November, in-line with analysts’ expectations and similar to … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.26% against the CAD to close at 1.0650. The Canadian Dollar gained ground against the greenback after an official report revealed that building permits in Canada surged 7.4% … Continue reading

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USD/CAD: “Downside risks to inflation appears to be greater”, says BoC Chief, Stephen Poloz

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.37% against the CAD to close at 1.0679. The Canadian Dollar gave up ground against the US Dollar as fresh speculation for an interest-rate-cut spurred after the Bank … Continue reading

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USD/CAD: CAD trading tad lower ahead of BoC’s rate announcement

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD to close at 1.0640. In the Asian session, at GMT0400, the pair is trading at 1.0641, with the USD trading marginally higher from yesterday’s … Continue reading

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USD/CAD: Loonie extends its decline in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.20% against the CAD to close at 1.0646, as an unexpected rise in the US ISM manufacturing PMI for November, bolstered speculations that the Fed might slow its … Continue reading

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