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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CAD to close at 1.0482. In the Asian session, at GMT0400, the pair is trading at 1.0484, with the USD trading tad higher from yesterday’s … Continue reading

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USD/CAD: BoC Governor, Poloz halts long-awaited plan for a hike in the interest rate

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CAD to close at 1.0473. The Canadian Dollar gave up ground against its US counterpart after the Bank of Canada (BoC) Governor, Stephen Poloz, stated … Continue reading

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USD/CAD: Loonie trading tad lower ahead of BoC Deputy Governor’s speech

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.0447. In the Asian session, at GMT0400, the pair is trading at 1.0451, with the USD trading marginally higher from yesterday’s … Continue reading

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USD/CAD: Loonie trading higher amid lack of domestic economic releases

USDCAD Movement On Friday, the USD rose 0.30% against the CAD to close at 1.0451. In the Asian session, at GMT0400, the pair is trading at 1.0437, with the USD trading 0.13% lower from Friday’s close. The pair is expected … Continue reading

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USD/CAD: Loonie declined amid concerns over BoC’s interest rate stance, snaps losses in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.38% against the CAD to close at 1.0420. The Canadian Dollar continued to face pressure after the Bank of Canada on Wednesday lowered its growth forecast for the … Continue reading

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USD/CAD: BoC keeps its interest rate unchanged at 1.0%, trims nation’s growth for next three years

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.87% against the CAD to close at 1.0383. The Canadian Dollar gave up ground against the greenback as the Bank of Canada (BoC) changed its stance on the … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CAD to close at 1.0293, as weak employment data from the US dimmed prospects for a near term tapering of asset buying by the US … Continue reading

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USD/CAD: Canada’s retail sales data in focus

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CAD to close at 1.0311. The Canadian Dollar gave up ground against the USD, amid speculation that the Bank of Canada (BoC), in its monetary … Continue reading

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USD/CAD: Canada’s consumer price index surpassed market expectations for September

USDCAD Movement On Friday, the USD declined 0.07% against the CAD to close at 1.0294. The Canadian Dollar rose against its US counterpart after a report showed that the nation’s consumer price index rose 0.2% (MoM) in September, surpassing analysts’ … Continue reading

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USD/CAD: Loonie trading higher with focus on domestic consumer inflation data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.26% against the CAD to close at 1.0302, as Fed’s policymakers’ support for the central bank to continue with its stimulus measures for a longer time, spooked investors … Continue reading

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USD/CAD: Canadian Prime Minister, Stephen Harper to introduce a budget law to bolster the nation’s creditworthiness

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CAD to close at 1.0330. The Canadian Dollar advanced against the USD after the Canadian Prime Minister, Stephen Harper pledged to legislate a rule that … Continue reading

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