USD/CAD: Canadian Dollar cementing gains in the Asian session

For the 24 hours to 23:00 GMT, USD rose 0.39% against the CAD to close at 0.9912. Data released in the US showed that the new building permits climbed higher-than-expected 5.1% to an annual rate of 717,000 in February, the … Continue reading

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USD/CAD: Canadian Dollar loses steam in the Asian session

For the 24 hours to 23:00 GMT, USD declined 0.39% against the CAD to close at 0.9874. In Canada, wholesale sales unexpectedly fell 1.0% (MoM) in January to C$49.02 billion, making it biggest drop since February 2011. In the Asian … Continue reading

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USD/CAD: Greenback dollar continues its fall in the Asian session

For the 24 hours to 23:00 GMT on Friday, USD declined 0.09% against the CAD to close at 0.9913. In Canada, manufacturing shipments sales declined 0.9% (MoM) to $49.6 billion in January as against 0.6% growth in the December and … Continue reading

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USD/CAD: Higher risk appetite boosts Loonie

For the 24 hours to 23:00 GMT, USD declined 0.10% against the CAD to close at 0.9922. The Canadian Dollar rose as risk appetite increased after the executive board of the International Monetary Fund (IMF) approved a €28 billion ($36.49 … Continue reading

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USD/CAD: Witnessing flat trading this morning

For the 24 hours to 23:00 GMT, USD rose 0.47% against the CAD to close at 0.9932. The Canadian Dollar came under pressure following weaker-than-expected capacity utilisation data in Canada. Additionally, falling crude oil prices also weighed on Loonie. In … Continue reading

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USD/CAD: Accelerating US economic growth supported the Canadian Dollar

For the 24 hours to 23:00 GMT, USD declined 0.37% against the CAD to close at 0.9886. The Canadian Dollar advanced as accelerating growth in the US raised optimism about the global economic recovery, boosting demand for riskier assets. Rising … Continue reading

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USD/CAD: Canadian Dollar fell as risk appetite faded, gaining strength this morning

For the 24 hours to 23:00 GMT, USD rose 0.15% against the CAD to close at 0.9922. The Canadian Dollar weakened against the US Dollar, amid concern that global recovery is slowing after China reported its biggest trade deficit in … Continue reading

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USD/CAD: Loonie trading above its MA’s

For the 24 hours to 23:00 GMT on Friday, USD rose 0.06% against the CAD to close at 0.9909. On the economic front, in Canada, trade balance contracted to $2.10 billion in January, from $2.86 billion in December. Separately, the … Continue reading

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USD/CAD: Loonie rose as Bank of Canada leaves rates unchanged, sees improvement in economy

For the 24 hours to 23:00 GMT, USD declined 0.72% against the CAD to close at 0.9903. The Canadian Dollar rose, after the Bank of Canada state that it was keeping its key interest rate unchanged at 1.0%, and stated … Continue reading

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USD/CAD: Canadian Dollar fell after building permits plunged in January; trading higher this morning

For the 24 hours to 23:00 GMT, USD rose 0.42% against the CAD to close at 0.9974, after the Canadian building permits fell in January. In economic news, building permits in Canada fell 12.3% (MoM) in January, compared to a … Continue reading

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USD/CAD: Loonie approaching parity in the Asian session

For the 24 hours to 23:00 GMT, USD rose 0.71% against the CAD to close at 1.0016. On the economic front, Ivey Purchasing Managers Index (PMI) rose to a reading of 66.0 in February, compared to 55.7 in January, since … Continue reading

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