USD/CAD: Canada’s manufacturing shipments surprisingly grew in September

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD and closed at 1.2754. Macroeconomic data revealed that Canada’s manufacturing shipments unexpectedly advanced 0.5% on a monthly basis in September, defying market expectations for … Continue reading

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USD/CAD: Canada’s existing home sales advanced for a third consecutive month in October

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CAD and closed at 1.2768. Macroeconomic data revealed that Canada’s existing home sales rose 0.9% on a monthly basis in October, climbing for a third … Continue reading

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USD/CAD: Loonie trading a tad higher, ahead of Canada’s existing home sales data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD and closed at 1.2736. In the Asian session, at GMT0400, the pair is trading at 1.2734, with the USD trading slightly lower against the … Continue reading

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USD/CAD: Loonie trading slightly lower in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.36% against the CAD and closed at 1.2737. In the Asian session, at GMT0400, the pair is trading at 1.2742, with the USD trading marginally higher against the … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD slightly declined against the CAD and closed at 1.2677 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.2688, with the USD trading 0.09% higher … Continue reading

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USD/CAD: Canada’s new house price index climbed in September

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CAD and closed at 1.2681. Macroeconomic data showed that Canada’s new house price index rose 0.2% MoM in September, meeting market expectations. The index had … Continue reading

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USD/CAD: Canada’s housing starts surprisingly rose in October, building permits exceeded market expectations in September

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.3% against the CAD and closed at 1.2731. The Canadian Dollar gained ground against the USD, following a pair of upbeat Canadian economic reports. Data showed that Canada’s … Continue reading

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USD/CAD: BoC Governor defended inflation target, stayed neutral on interest rates

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CAD and closed at 1.2769. The Bank of Canada (BoC) Governor, Stephen Poloz, defended the use of inflation targets and restated that policymakers would be … Continue reading

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USD/CAD: Loonie trading marginally lower, ahead of BoC Governor’s speech

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CAD and closed at 1.2711. Data indicated that the seasonally adjusted Ivey PMI in Canada rose more-than-expected to 63.8 in October. In the previous month, … Continue reading

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USD/CAD: Canada’s trade deficit remained steady, unemployment rate surprisingly rose

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.36% against the CAD and closed at 1.2766 on Friday. Macroeconomic data showed that Canada reported international merchandise trade deficit of C$3.18 billion in September, from a revised … Continue reading

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USD/CAD: Loonie trading marginally lower ahead of Canada’s international merchandise trade figures and unemployment rate

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.48% against the CAD and closed at 1.2812. In the Asian session, at GMT0400, the pair is trading at 1.2813, with the USD trading a tad higher from … Continue reading

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