USD/CAD: Canada’s housing starts surprised to the upside in February, building permits jumped to an 8-month high in January

USDCAD Movement For the 24 hours to 23:00 GMT, the USD slightly rose against the CAD and closed at 1.2892. Macroeconomic data showed that Canada’s seasonally adjusted housing starts surprisingly climbed to a level of 229.7K in February, defying market … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: BoC stands pat on interest rates, underlines growing trade uncertainty

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.07% against the CAD and closed at 1.2910. Yesterday, the Bank of Canada (BoC), at its March monetary policy meeting, opted to keep the benchmark lending rate unchanged … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Canada’s Ivey PMI rose in February

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.45% against the CAD and closed at 1.292. In economic news, Canada’s seasonally adjusted Ivey purchasing managers’ index (PMI) climbed to a level of 59.6 in February, compared … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading a tad lower in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.58% against the CAD and closed at 1.2974. In the Asian session, at GMT0400, the pair is trading at 1.2976, with the USD trading slightly higher against the … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading marginally higher in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.49% against the CAD and closed at 1.2896 on Friday. The Canadian Dollar lost ground against the USD, after Canada’s annualised gross domestic product (GDP) advanced less-than-anticipated by … Continue reading

Posted in USD/CAD | Comments Off

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.09% against the CAD and closed at 1.2832. Data indicated that Canada’s Markit manufacturing PMI declined to a level of 55.6 in February, on the back of a … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading lower, ahead of Canada’s manufacturing data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.44% against the CAD and closed at 1.2831. In the Asian session, at GMT0400, the pair is trading at 1.2837, with the USD trading 0.1% higher against the … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading marginally lower this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.73% against the CAD and closed at 1.2772. In the Asian session, at GMT0400, the pair is trading at 1.2773, with the USD trading a tad higher against … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Loonie trading a tad lower this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.4% against the CAD and closed at 1.2684. In the Asian session, at GMT0400, the pair is trading at 1.2686, with the USD trading slightly higher against the … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Canada’s annual inflation climbed above expectations in January

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.47% against the CAD and closed at 1.2654 on Friday. The Canadian Dollar gained ground against the USD on Friday, after Canada’s consumer price index (CPI) rose more-than-estimated … Continue reading

Posted in USD/CAD | Comments Off

USD/CAD: Canadian retail sales posted its biggest drop since March 2016 in December

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CAD and closed at 1.2704. The Canadian Dollar fell against the USD, after Canada’s retail sales suffered an unexpected drop in December. Data indicated that … Continue reading

Posted in USD/CAD | Comments Off