Tag Archives: CAD

The Canadian dollar touches its strongest since 3 March at 1.2596. The Canadian dollar was little changed against its US counterpart on Friday, with the currency holding near a two-week high as oil prices rose and domestic retail sales data pointed to consumer spending remaining strong at the start of …

The Canadian dollar strengthened against its US counterpart on Wednesday as oil prices surged and the Bank of Canada hiked interest rates as expected for the first time since October 2018 despite the crisis in Ukraine.Canada’s central bank hiked its key interest rate by 25 basis points to 0.50% to …

The Bank of Canada lifted interest rates by 25bps to 0.50% as expected on Wednesday, adding that it expected it will need to raise interest rates further. The BoC said that it would continue with the reinvestment phase of its balance sheet, maintaining its overall holdings of Canadian government bonds …

Canadians took advantage of elevated savings and low interest rates to buy houses in 2021. The Canadian economy grew at an annual rate of 6.7 per cent in the fourth quarter, much faster than the Bank of Canada was expecting, guaranteeing an interest-rate increase when policymakers announce the results of …

Canadian Manufacturing PMI rose slightly to 56.6 in February, indicating continued robust growth in the manufacturing sector. That marked a slight gain from January’s 56.2 reading and was a little above expectations for 56.4.Markit Manufacturing PMI, released by Markit Economics, is based on data compiled from monthly replies to questionnaires …

The USD/CAD pair has seen two-way trade on Monday but is now back under 1.2700 as risk appetite improves. While geopolitics will be a key determinant of USD/CAD sentiment going forward, this week’s data calendar is also very busy.Highlights include the BoC rate decision on Wednesday, Fed Chair Powell’s testimony …

The Canadian dollar weakened against its US counterpart on Monday as the West imposed tougher sanctions against Russia over its Ukraine invasion and domestic data showed that the current account balance returned to a deficit in the fourth quarter.The safe-haven US dollar climbed and world stocks slid as new sanctions …

The Canadian dollar maintains positive stability within attempts to gradually rise, approaching a few points at the target of 1.2800, recording the highest at 1.2790. Technically, with the pair’s success in establishing a solid support floor in general above 1.2665 and the movement above the 50-day moving average, in addition …

In choppy trading conditions as currency market participants observe developments in the rapidly escalating Russia-Ukraine crisis saw USD/CAD rally to test a key level of resistance in the upper 1.2700s on Tuesday. The pair has since pulled back from session highs in the 1.2780s to near the 1.2750 mark, where …

The Canadian dollar managed to consolidate, maintaining positive stability above the previously breached resistance level 1.2730, touching the first target at 1.2770, recording its highest level during the early trading at 1.2770. Technically, with the pair’s success in establishing a solid support floor in general above 1.2665, in addition to …