USD/CAD: Canada’s GDP contracts further in March

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CAD to close at 1.3078. The Canadian dollar lost ground, after Canada’s GDP declined more-than-expected by 0.2% MoM in March, contracting for the second consecutive … Continue reading

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USD/CAD: Loonie trading higher, ahead of Canada’s GDP data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD to close at 1.3046. In economic news, Canada’s current account deficit widened to a level of C$16.77 billion in 1Q 2016, mainly due to … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.41% against the CAD to close at 1.2976. In the Asian session, at GMT0300, the pair is trading at 1.2998, with the USD trading 0.17% higher from yesterday’s … Continue reading

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USD/CAD: BoC leaves interest rate unchanged at 0.5%

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.79% against the CAD to close at 1.3029. The Canadian dollar gained ground after the Bank of Canada (BoC) held its benchmark interest rate steady at 0.5%, as … 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 marginally declined against the CAD to close at 1.3133. In the Asian session, at GMT0300, the pair is trading at 1.3113, with the USD trading 0.15% lower from yesterday’s … 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 0.19% against the CAD to close at 1.3138. In the Asian session, at GMT0300, the pair is trading at 1.3148, with the USD trading 0.08% higher from yesterday’s … Continue reading

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USD/CAD: Canadian retail sales dropped in March

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.29% against the CAD to close at 1.3121. The Canadian Dollar lost ground, after the country’s retail sales declined more-than-expected by 1.0% MoM in March, mainly led by … Continue reading

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USD/CAD: Loonie trading a tad higher, ahead of Canada’s consumer price index data for April

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.53% against the CAD to close at 1.3083. In economic news, Canada’s wholesale sales declined more-than-expected by 1.0% MoM in March, falling for the second consecutive month, mainly … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.82% against the CAD to close at 1.3014, after the US Federal Reserve’s April monetary policy meeting minutes bolstered expectations that the central bank could raise interest rates … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CAD to close at 1.2908, after US consumer prices advanced above expectations in April. In economic news, Canada’s manufacturing shipments fell less-than-anticipated by 0.9% MoM … 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 0.45% against the CAD to close at 1.2894. The Canadian dollar gained ground, after Canada’s existing home sales advanced 3.1% MoM in April, following a 1.5% rise in … Continue reading

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