USD/CAD: Canadian unemployment rate lowest in five months in November

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CAD and closed at 1.3297 on Friday. The Canadian Dollar gained ground, after Canada’s unemployment rate unexpectedly declined to a five-month low of 6.8% in … Continue reading

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USD/CAD: Loonie trading on a stronger footing, ahead of Canada’s unemployment rate data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.82% against the CAD and closed at 1.3315. On the economic front, Canada’s RBC manufacturing PMI advanced to a level of 51.5 in November, after recording a level … Continue reading

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USD/CAD: Canadian economy rebounded with fastest growth in two years in the third quarter

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD and closed at 1.3425. On the data front, Canada’s annualised gross domestic product (GDP) rebounded by 3.5% on a quarterly basis in the third … Continue reading

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USD/CAD: Canada’s current account deficit narrowed in third quarter

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.17% against the CAD and closed at 1.3429. On the data front, Canada’s current account deficit narrowed less-than-expected to a level of C$18.3 billion in 3Q 2016, following … Continue reading

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USD/CAD: Service sector key for Canadian economy: BoC Govenor

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CAD and closed at 1.3406. Meanwhile, the Organization for Economic Co-operation and Development (OECD) is sticking by its prediction that Canada’s economy growth will expand … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.34% against the CAD and closed at 1.3532 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.3475, with the USD trading 0.42% lower … 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 0.08% against the CAD and closed at 1.3486. In the Asian session, at GMT0400, the pair is trading at 1.3481, with the USD trading marginally lower from yesterday’s … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.45% against the CAD and closed at 1.3497. In the Asian session, at GMT0400, the pair is trading at 1.3509, with the USD trading 0.09% higher against the … Continue reading

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USD/CAD: Canada’s retail sales advanced at its fastest pace since April in September

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CAD and closed at 1.3437. In economic news, data revealed that Canada’s retail sales climbed by 0.6% MoM in September, meeting market expectations, recording its … Continue reading

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USD/CAD: Loonie extends its gains, ahead of Canada’s retail sales data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CAD and closed at 1.342. In the Asian session, at GMT0400, the pair is trading at 1.3400, with the USD trading 0.15% lower against the … Continue reading

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USD/CAD: Canada’s inflation advanced as expected in October

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD and closed at 1.3504 on Friday. The Canadian Dollar gained ground, after Canada’s seasonally adjusted consumer price index climbed by 0.2% on a monthly … Continue reading

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