USD/CAD: Canada’s manufacturing sector activity slowed in October

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CAD and closed at 1.2874. Data showed that Canada’s manufacturing PMI eased to a level of 54.3 in October as supply chains at firms were … Continue reading

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USD/CAD: Canadian economy showed an unexpected contraction in August

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.51% against the CAD and closed at 1.2897, after macroeconomic data showed that Canada’s economy unexpectedly contracted in August, supporting the Bank of Canada’s (BoC) view to take … Continue reading

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USD/CAD: Loonie trading lower this morning ahead of Canada’s GDP data and BoC Governor Poloz’s speech

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally rose against the CAD and closed at 1.2831. In the Asian session, at GMT0400, the pair is trading at 1.2841, with the USD trading 0.08% higher from yesterday’s … 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 0.21% against the CAD and closed at 1.2829 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.2826, with the USD trading 0.02% lower … 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 rose 0.42% against the CAD and closed at 1.2856. In the Asian session, at GMT0300, the pair is trading at 1.2866, with the USD trading 0.08% higher against the … Continue reading

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USD/CAD: BoC holds interest rate steady, will be cautious in making future adjustments to rate

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.03% against the CAD and closed at 1.2802. The Canadian Dollar lost ground, after the Bank of Canada (BoC), at its latest monetary policy meeting, expressed caution on … Continue reading

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USD/CAD: Loonie extends its losses, ahead of BoC’s interest rate decision

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CAD and closed at 1.2672. In the Asian session, at GMT0300, the pair is trading at 1.268, with the USD trading 0.06% higher against the … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CAD and closed at 1.2644. In the Asian session, at GMT0300, the pair is trading at 1.2629, with the USD trading 0.12% lower against the … Continue reading

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USD/CAD: Canada’s annual inflation at a 5-month high in September, retail sales unexpectedly fell in August

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.08% against the CAD and closed at 1.2620 on Friday. The Canadian Dollar lost ground against the USD, after Canadian retail sales surprised with an unexpected drop in … Continue reading

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USD/CAD: Loonie trading lower, ahead of Canada’s inflation and retail sales data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.17% against the CAD and closed at 1.2485. In the Asian session, at GMT0300, the pair is trading at 1.2518, with the USD trading 0.26% higher against the … Continue reading

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USD/CAD: Canada’s manufacturing shipments climbed to an 8-month high in August

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.4% against the CAD and closed at 1.2464. On the data front, Canada’s manufacturing shipments surprisingly advanced 1.6% MoM in August, rising the most in eight months and … Continue reading

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