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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.30% against the CAD to close at 1.2904. In economic news, Canada’s existing home sales fell 2.8% MoM in May, following a 3.1% rise in the previous month. … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.37% against the CAD to close at 1.2866. In economic news, Canada’s Teranet/National Bank house price index rose 1.8% MoM in May, following a 1.2% gain in the … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.36% against the CAD to close at 1.2819. In the Asian session, at GMT0300, the pair is trading at 1.2824, with the USD trading marginally higher against the … Continue reading

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USD/CAD: Canada’s unemployment rate dropped to almost a one-year low level in May

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CAD to close at 1.2755. In economic news, Canada’s unemployment rate unexpectedly fell to 6.9% in May, the lowest level since July 2015, bolstering optimism … Continue reading

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USD/CAD: Loonie trading lower, ahead of Canada’s unemployment rate data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CAD to close at 1.2721. In economic news, Canada’s new housing price index advanced more-than-expected by 0.3% MoM in April, its fastest increase in six … Continue reading

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USD/CAD: Loonie trading higher, ahead of BoC’s review report

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.47% against the CAD to close at 1.2691. In economic news, Canada’s housing starts dropped to a level of 188.6K in May, compared to a revised reading of … Continue reading

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USD/CAD: Canada’s Ivey PMI slipped into contraction territory in May

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.50% against the CAD to close at 1.2751. In economic news, Canada’s seasonally adjusted Ivey purchasing managers’ index (PMI) dropped to a level of 49.4 in May, its … Continue reading

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USD/CAD: Loonie trading lower, ahead of Canada’s Ivey purchasing managers’ index data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.15% against the CAD to close at 1.2815. In the Asian session, at GMT0300, the pair is trading at 1.2829, with the USD trading 0.11% against the CAD … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.23% against the CAD to close at 1.2941. The Canadian dollar gained ground, after Canada’s international merchandise trade deficit narrowed to a level of C$2.9 billion in April, … Continue reading

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USD/CAD: Loonie trading higher, ahead of Canada’s international merchandise trade data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.21% against the CAD to close at 1.3102. In the Asian session, at GMT0300, the pair is trading at 1.3087, with the USD trading 0.11% lower from yesterday’s … Continue reading

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USD/CAD: OECD cuts Canada’s growth forecast for 2016 and 2017

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD to close at 1.3074. In economic news, Canada’s RBC manufacturing PMI edged lower to a level of 52.1 in May, from a 16-month high … Continue reading

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