Unemployment likely to edge higher in Canada, boosting BoC easing bets
The Unemployment Rate in Canada is expected to rise further in June.Further cooling in the labour market could favour additional rate cuts.The Canadian Dollar remains ...
USDCAD
USD/CAD falls to near 1.3650 due to renewed tariff threats from Trump
USD/CAD depreciates as US Dollar declines following updated Trump’s tariff rates.President Trump announced new tariffs of up to 40% on 14 countries.The Canadian Dollar remains ...
USD/CAD gains as Fed Powell maintains a hawkish tone
USD/CAD rises as Fed Powell's comments at the ECB Forum raise expectations of a rate cut in September.Fed Chair Powell: "As long as the US economy is in a solid shape, the ...
Canadian Dollar snaps lower after Trump pulls the plug on trade talks with Canada
The Canadian Dollar sharply pared back near-term gains on Friday.US President Donald Trump has announced that his team is ending all trade talks with Canada.Canadian GDP ...
Canada Consumer Price Index rises 1.7% in May as expected
Inflation in Canada, as measured by the change in the Consumer Price Index (CPI), remained unchanged at 1.7% on a yearly basis in May, Statistics Canada reported on Tuesday. ...
The Loonie trades sideways ahead of Wednesday’s Fed rate decision
USD/CAD trades near 1.3575 as markets digest a mixed US Retail Sales ahead of Wednesday’s Fed rate decision.Elevated Oil prices and geopolitical risks in the Middle East limit ...
Canadian Dollar continues to ride Greenback weakness to new highs
The Canadian Dollar found more gains off the back of US Dollar selling pressure.A lack of meaningful Canadian economic data means Loonie gains are at the mercy of market ...
USD/CAD tests wedge support on lower US Dollar demand
The USD/CAD pair has fallen below 1.3600, which is now providing resistance.Israel’s attack on Iran fails to support a broader recovery for the US Dollar.Inflation ...
Canadian Dollar gives back gains despite upbeat jobs data
The Canadian Dollar firmed up on Friday, but Greenback flows rallied harder, driving a rebound in USD/CAD.US NFP net job gains came in stronger than expected, overshadowing ...
Canadian Dollar continues to gain ground, but momentum is fizzling
The Canadian Dollar tested a new eight-month high against the US Dollar on Thursday.Overall market momentum remains limited ahead of key US NFP labor figures.Loonie gains ...