USD/CAD: Loonie trading on a stronger footing, ahead of Canada’s existing home sales data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CAD and closed at 1.2803. On the macro front, Canada’s Teranet/National Bank house price index advanced 0.2% on a monthly basis in April, after recording … Continue reading

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USD/CAD: Canada’s unemployment rate remained steady in April

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CAD and closed at 1.2791 on Friday. On the macro front, Canada’s unemployment rate remained steady at 5.8% in April, meeting market expectations. In the … Continue reading

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USD/CAD: Loonie trading a tad lower, ahead of Canada’s unemployment rate data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.67% against the CAD and closed at 1.2767. Macroeconomic data showed that Canada’s new housing price index remained flat on a monthly basis in March, in line with … Continue reading

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USD/CAD: Canada’s building permits rebounded sharply in March

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.76% against the CAD and closed at 1.2853. On the macro front, building permits in Canada rebounded 3.1% MoM in March, beating market expectations for an advance of … Continue reading

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USD/CAD: Canada’s housing starts eased above expectations in April

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.52% against the CAD and closed at 1.2952. The Canadian Dollar lost ground against the USD, after Canada’s seasonally adjusted housing starts declined more-than-estimated to a level of … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.23% against the CAD and closed at 1.2885. On Friday, data revealed that Canada’s seasonally adjusted Ivey PMI rose to a level of 71.5 in April, compared to … Continue reading

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USD/CAD: Canada’s international merchandise trade deficit unexpectedly widened in March

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.20% against the CAD and closed at 1.2852. On the macro front, Canada’s international merchandise trade deficit surprisingly widened to C$4.14 billion in March, compared to a revised … Continue reading

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USD/CAD: Loonie trading on a stronger footing this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CAD and closed at 1.2878. In the Asian session, at GMT0300, the pair is trading at 1.2856, with the USD trading 0.17% lower against the … Continue reading

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USD/CAD: Canada’s economic growth better-than-expected in February

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CAD and closed at 1.2847. On the economic front, Canada’s gross domestic product (GDP) advanced 0.4% on a monthly basis in February, beating market consensus … Continue reading

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USD/CAD: Loonie trading higher, ahead of Canada’s GDP data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.01% against the CAD and closed at 1.2838. In the Asian session, at GMT0300, the pair is trading at 1.2832, with the USD trading 0.05% lower against the … Continue reading

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USD/CAD: Loonie reverses its gains in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.31% against the CAD and closed at 1.2834 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.2848, with the USD trading 0.11% higher … Continue reading

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