USD/CAD: Canadian Dollar retreated as risk aversion increased among investors

  For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 0.9979, as investors sought refuge in the safety of the greenback amid renewed Euro-zone worries. Moreover, drop in oil prices further pressured … Continue reading

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USD/CAD: Loonie trading higher in the Asian session

  For the 24 hours to 23:00 GMT on Friday, the USD rose marginally against the CAD to close at 0.9976. In the Asian session, at GMT0400, the pair is trading at 0.9976, with the USD trading marginally lower from … Continue reading

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USD/CAD: Loonie advanced amid upbeat Canadian GDP figures

  For the 24 hours to 23:00 GMT, the USD declined 0.54% against the CAD to close at 0.9969. The Canadian Dollar gained following a stronger-than-expected gross domestic product data in Canada. Yesterday, Canada’s gross domestic product grew 0.3% (MoM) … Continue reading

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USD/CAD: Canadian Dollar continues its previous session losses

  For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.0023. The Canadian Dollar retreated as data showed that the economy of the US, it largest trading partner, unexpectedly shrank in the … Continue reading

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USD/CAD: Canadian Dollar trading lower as Fed, US data in focus

  For the 24 hours to 23:00 GMT, the USD declined 0.47% against the CAD to close at 1.0014. The Canadian Dollar rose in line with a general rebound in commodity currencies. In the Asian session, at GMT0400, the pair … Continue reading

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USD/CAD: Loonie trading below its MA’s

  For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD to close at 1.0060. Yesterday, Moody’s Investors Service downgraded six of Canada’s major financial institutions on concerns over high levels of consumer debt among Canadians … Continue reading

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USD/CAD: Canadian Dollar dropped following disappointing CPI data

  For the 24 hours to 23:00 GMT on Friday, the USD rose 0.56% against the CAD to close at 1.0081. The Canadian Dollar fell versus its US counterpart after a report showed that nation’s consumer prices declined more-than-forecast last … Continue reading

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USD/CAD: Loonie trading lower ahead of the Canadian CPI data due today

  For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CAD to close at 1.0025, as investor optimism on the economy continued to be impacted a day after the Bank of Canada reduced its growth forecast … Continue reading

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USD/CAD: Canadian Dollar fell to parity as BoC indicates ‘Rate Boost Less Urgent’

  For the 24 hours to 23:00 GMT, the USD rose 0.82% against the CAD to close at 1.0001, after the Bank of Canada (BoC) lowered its economic estimates and indicated that it would probably keep interest rates unchanged longer … Continue reading

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USD/CAD: Canadian dollar trading lower ahead of the BoC interest rate decision

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 0.9920. Canadian retail sales data was mixed, as core retail sales data came well below forecast but overall retail sales made a … Continue reading

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USD/CAD: Wholesales sales rose in Canada

  For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 0.9929. Wholesales sales in Canada climbed 0.7% (MoM) in November, compared to a downwardly revised 0.8% growth recorded in the previous month. … Continue reading

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