USD/CAD: Loonie trading on a stronger footing, ahead of the BoC’s interest rate decision

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CAD and closed at 1.3108. On the data front, Canada’s manufacturing shipments rose by 0.9% MoM in August, rising to its highest level in seven … 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 declined 0.33% against the CAD and closed at 1.3125. In the Asian session, at GMT0300, the pair is trading at 1.3089, with the USD trading 0.27% lower 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 declined 0.39% against the CAD and closed at 1.3143 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.3165, with the USD trading 0.17% higher … Continue reading

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USD/CAD: Canada’s new housing prices inched up in August

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.35% against the CAD and closed at 1.3195. In economic news, Canada’s new housing price index rose by 0.2% on a monthly basis in August, advancing for 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 rose 0.3% against the CAD and closed at 1.3242. In the Asian session, at GMT0300, the pair is trading at 1.3286, with the USD trading 0.33% higher against the … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.41% against the CAD and closed at 1.3202. On the data front, Canada’s seasonally adjusted housing starts advanced to a level of 220.6K YoY in September, compared to … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD traded flat against the CAD and closed at 1.3256. In the Asian session, at GMT0300, the pair is trading at 1.3194, with the USD trading 0.47% lower against the … Continue reading

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USD/CAD: Canada’s unemployment remained steady at 7.0% in September

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CAD and closed at 1.3280 on Friday. In economic news, Canada’s unemployment rate remained steady at 7.0% in September, in line with market expectations. Also, … Continue reading

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USD/CAD: Canada building permits surged in August

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CAD and closed at 1.3219. On the data front, Canada’s building permits jumped by 10.4% on a monthly basis in August, rising at the fastest … Continue reading

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USD/CAD: Canada’s trade deficit contracted to its lowest level in eight months in August

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD and closed at 1.3186. In economic news, Canada’s international merchandise trade deficit narrowed to C$1.94 billion in August, hitting its lowest level in eight … Continue reading

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USD/CAD: Loonie trading higher in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.53% against the CAD and closed at 1.3184. Yesterday, the IMF lowered Canada’s growth forecast for this year and next to 1.2% and 1.9% respectively, from 1.4% and … Continue reading

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