USD/CAD: Loonie continues its previous session losses

  For the 24 hours to 23:00 GMT, the USD rose 0.17% against the CAD to close at 1.0206. In the Asian session, at GMT0300, the pair is trading at 1.0210, with the USD trading marginally higher from yesterday’s close. … Continue reading

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USD/CAD: Loonie trading lower in the Asian session

  For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CAD to close at 1.0191. In the Asian session, at GMT0300, the pair is trading at 1.0211, with the USD trading 0.20% higher from yesterday’s close. … Continue reading

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USD/CAD: Canadian housing starts jumped at fastest pace in more than a year

  For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.0199. The Loonie remained buoyant yesterday as Canadian housing starts rose to a level of 200.2K in May, fastest pace in more … Continue reading

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USD/CAD: Loonie trading on the positive side this morning

On Friday, the USD declined 0.60% against the CAD to close at 1.0214. However, losses were capped as reports showed that Canada added the most jobs in a decade in May and also recorded a drop in its unemployment rate. … Continue reading

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USD/CAD: Loonie gained as PMI data impressed investors; trading tad lower in the Asian session

  For the 24 hours to 23:00 GMT, the USD declined 0.70% against the CAD to close at 1.0274. The Canadian dollar gained after nation’s seasonally adjusted Ivey Purchasing Managers’ Index (PMI) surged to a 14-month high of 63.10 in … Continue reading

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USD/CAD: Canada’s building permits rose surprisingly in April

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 1.0346. The Canadian Dollar received support after the Canadian building permits data surprised the market by jumping 10.5% in April, its fourth … Continue reading

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USD/CAD: Canada’s trade deficit widened in April

  For the 24 hours to 23:00 GMT, the USD rose 0.63% against the CAD to close at 1.0350. The loonie came under pressure as Canada’s international merchandise trade deficit widened to CAD$567 million in April, compared to a revised … Continue reading

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USD/CAD: Loonie trading lower this morning

  For the 24 hours to 23:00 GMT, the USD declined 0.73% against the CAD to close at 1.0286. The Canadian Dollar had benefitted from the rise in crude oil prices. In the Asian session, at GMT0300, the pair is … Continue reading

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USD/CAD: Canadian economy improved in March

  On Friday, the USD rose 0.62% against the CAD to close at 1.0367. In a much awaited Canadian gross domestic product data (GDP), the Canadian economy expanded more than market expectations in March, whereby the gross domestic product climbed … Continue reading

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USD/CAD: Canadian current account deficit narrowed in Q12013

  For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CAD to close at 1.0303. The Canadian Dollar gained traction after nation’s current account deficit fell to C$14.09 billion in the first quarter of 2013 (Q12013), … Continue reading

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USD/CAD: Loonie gained as BoC maintained its interest rates

  For the 24 hours to 23:00 GMT, the USD declined 0.58% against the CAD to close at 1.0350. The Canadian Dollar recorded a rise, as the Bank of Canada (BoC), in its much expected move, kept its key interest … Continue reading

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