USD/CAD: Loonie reverses its losses 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 1.3213 on Friday. On the data front, Canada’s manufacturing shipments rose by 0.1% MoM in July, lower than market expectations for … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.36% against the CAD and closed at 1.3148. In the Asian session, at GMT0300, the pair is trading at 1.3140, with the USD trading 0.06% 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 rose 0.28% against the CAD and closed at 1.3195. On the economic front, the Teranet/National Bank house price index in Canada rose by 1.5% on a monthly basis in … Continue reading

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USD/CAD: Loonie trading a tad higher in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.91% against the CAD and closed at 1.3158. In the Asian session, at GMT0300, the pair is trading at 1.3154, with the USD trading marginally lower against the … Continue reading

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USD/CAD: Loonie trading marginally lower in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.09% against the CAD to close at 1.3039. In the Asian session, at GMT0300, the pair is trading at 1.305, with the USD trading 0.08% higher against the … Continue reading

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USD/CAD: Canadian hiring rebounds, but unemployment rate increases to 7.0% in August

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.84% against the CAD to close at 1.3030 on Friday. On the macroeconomic front, the net number of people employed in Canada rebounded more-than-expected by 26.2 K in … Continue reading

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USD/CAD: Canadian building permits bounce back in July

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.36% against the CAD to close at 1.2922. In economic news, Canada’s building permits rebounded 0.8% MoM in July, after dropping for two consecutive months. Building permits had … Continue reading

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USD/CAD: BoC kept key interest rate unchanged at 0.50%

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CAD to close at 1.2876. The Canadian Dollar lost ground after the Bank of Canada (BoC) expressed concerns about Canada’s economic growth while announcing its … Continue reading

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USD/CAD: Loonie trading higher, ahead of the BoC’s interest rate decision

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.59% against the CAD to close at 1.2853. In the Asian session, at GMT0300, the pair is trading at 1.2842, with the USD trading 0.09% lower against the … Continue reading

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USD/CAD: Loonie trading on a stronger footing in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD traded flat against the CAD to close at 1.2991. In the Asian session, at GMT0300, the pair is trading at 1.2922, with the USD trading 0.53% lower against the … Continue reading

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USD/CAD: Canada’s trade deficit narrowed in July as exports climbed during the month

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.86% against the CAD on Friday to close at 1.2985. The Canadian Dollar gained ground after Canada’s international merchandise trade deficit narrowed to C$2.5 billion in July, as … Continue reading

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