USD/CAD: Economic recovery does not imply the need for a rate hike, says BoC Deputy Governor

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CAD to close at 1.0470. The Canadian Dollar came under pressure after the Bank of Canada (BoC) Deputy Governor, John Murray, in the central bank’s … Continue reading

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USD/CAD: Loonie trading lower ahead of BoC review

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.40% against the CAD to close at 1.0451. In the Asian session, at GMT0400, the pair is trading at 1.0473, with the USD trading 0.21% higher from yesterday’s … Continue reading

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USD/CAD: Loonie pares its losses in the Asian trading hours

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.23% against the CAD to close at 1.0494. In the Asian session, at GMT0400, the pair is trading at 1.0486, with the USD trading 0.08% lower from yesterday’s … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CAD to close at 1.0471, in a holiday-thin trade. In the Asian session, at GMT0400, the pair is trading at 1.0482, with the USD trading … Continue reading

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USD/CAD: Canadian economy added fewer than expected jobs in October

USDCAD Movement On Friday, the USD rose 0.33% against the CAD to close at 1.0488, as a better-than-expected US employment data, boosted the demand for the US Dollar. In Canada, on a seasonally adjusted yearly basis, housing starts in the … Continue reading

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USD/CAD: Loonie trading tad higher ahead of domestic employment data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CAD to close at 1.0454, buoyed by a strong growth in the US Gross Domestic Product (GDP) during the third quarter. In the Asian session, … Continue reading

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USD/CAD: Canada’s Ivey PMI surpassed analysts’ expectation for October

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.30% against the CAD to close at 1.0422. The Canadian Dollar gained ground against the US Dollar after a report showed that, on a seasonally adjusted basis, the … 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 0.30% against the CAD to close at 1.0453. The Canadian Dollar declined against the US Dollar, as a fall in the price of crude oil, Canada’s biggest export, … Continue reading

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USD/CAD: Loonie trading lower in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.0423. The Canadian Dollar gave up ground against its US counterpart after crude oil, the nation’s biggest export, traded at almost … Continue reading

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USD/CAD: Traders look for global cues amid lack of economic data in Canada

USDCAD Movement On Friday, the USD declined marginally against the CAD to close at 1.0429. The Canadian Dollar extended its gains against the greenback, buoyed by a report, released on Thursday, that showed growth in the Canadian economy accelerated more … Continue reading

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USD/CAD: Canada’s GDP rose more than expected in August

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.45% against the CAD to close at 1.0432. The Canadian Dollar advanced against the US Dollar after an official report revealed that the Canada’s Gross Domestic Product (GDP) … Continue reading

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