USD/CAD: Canada’s unemployment rate surprisingly fell to a 40-year low level in October

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.09% against the CAD and closed at 1.3099 on Friday. In the economic news, Canada’s unemployment rate unexpectedly slid to a four-decade low rate of 5.8% in October, … Continue reading

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USD/CAD: Canada’s manufacturing PMI declined to its lowest level in 23 months in October

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.52% against the CAD and closed at 1.3087. Data showed that Canada’s manufacturing PMI eased to a level of 53.9 in October, marking its lowest level since January … Continue reading

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USD/CAD: Canada’s GDP grew for the seventh straight month in August

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.30% against the CAD and closed at 1.3156. On the macro front, Canada’s gross domestic product (GDP) unexpectedly expanded by 0.1% on a monthly basis in August, for … 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 declined 0.11% against the CAD and closed at 1.3117. In the Asian session, at GMT0400, the pair is trading at 1.3125, with the USD trading 0.06% higher against the … Continue reading

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USD/CAD: Loonie trading higher in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.21% against the CAD and closed at 1.3132. In the Asian session, at GMT0400, the pair is trading at 1.3111, with the USD trading 0.16% lower against the … Continue reading

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USD/CAD: Loonie trading on a weaker footing in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.09% against the CAD and closed at 1.3084 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.3100, with the USD trading 0.12% higher … Continue reading

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USD/CAD: Loonie extends its losses in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CAD and closed at 1.3072. In the economic news, Canada’s business barometer eased to a level of 60.5 in October, compared to a reading of … Continue reading

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USD/CAD: The Bank of Canada (BoC) raised its benchmark interest rate to 1.75%

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.33% against the CAD and closed at 1.3043. The Bank of Canada (BoC) raised its key interest rate by 25 basis points to 1.75% for the fifth time … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.09% against the CAD and closed at 1.3086. In the Asian session, at GMT0300, the pair is trading at 1.3083, with the USD trading marginally lower against the … Continue reading

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USD/CAD: Loonie trading a tad higher this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.05% against the CAD and closed at 1.3098. In the Asian session, at GMT0300, the pair is trading at 1.3095, with the USD trading slightly lower against the … Continue reading

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USD/CAD: Canada’s inflation slowed more-than-estimated in September, retail sales surprisingly declined in August

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.21% against the CAD and closed at 1.3109 on Friday, amid weak economic data. On the macro front, Canada’s consumer price index (CPI) climbed 2.2% on an annual … Continue reading

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