Tag Archives: Canadian dollar

The Canadian dollar weakened further against the US dollar (USD) on Tuesday as the latest inflation data revealed a steeper-than-expected decline in headline Consumer Price Index (CPI) inflation. This development has raised concerns about the country’s economic outlook and fueled expectations for further interest rate cuts by the Bank of …

The Canadian Dollar staged a modest recovery on Wednesday, gaining 0.2% against the US Dollar. This uptick followed the Bank of Canada’s decision to implement another 50-basis-point interest rate cut.BoC Takes Aggressive StanceThe central bank’s latest move underscores its commitment to stimulating economic growth in the face of weakening economic …

As CAD traders braced themselves for a new batch of Canadian Consumer Price Index (CPI) inflation numbers due during the mid-week phase, the Canadian dollar lost ground at the beginning of the trading week, plunging into the low end on Monday across the major currency board. On Tuesday, the Bank …

To begin the new week, the Canadian dollar weakened versus the major rival currencies. This week, Canada has a small presence on the economic calendar. The Canadian dollar is dependent on significant central bank appearances based on mid-tier statistics. Amidst market positioning in anticipation of the Federal Reserve’s anticipated rate …

The Canadian dollar struggled to develop momentum with little of note on the docket. Canada is largely absent from the economic calendar this week. Fed Chair Powell stuck close to the usual script, giving investors little to work with.The Canadian dollar found little reason to move in any particular direction …

On Monday, the Canadian dollar was largely unchanged vs the US dollar. This week, Canada is largely absent from the economic calendar. BoC Macklem’s speech is expected during the midweek trading session. As we begin a new trading week, the Canadian dollar is staying steady vs the US dollar because …

As markets brace for Friday’s crucial labour data from both the US and Canada, the Canadian dollar fell into a holding pattern on Thursday. Although there is still a chance of a push-out to November, investors are still inclined towards betting on a September rate cut from the US Fed. …

The Canadian dollar has been under scrutiny recently as investors closely monitor economic data and central bank statements. Here’s a breakdown of the recent developments and their impact on the CAD as the USD/CAD pair is 0.20% up trading at 1.3651 at the time of writing.Inflation Data, Rate Cut Bets …

The Canadian dollar is mostly higher but flat against its US counterpart again. Canada brings BoC CPI inflation to the table on Tuesday. The Canadian dollar was broadly higher on Monday before a moderating pullback halfway through the North American trading session. Momentum remains limited with Canadian markets shuttered for …

In order to prevent a falling currency that could jeopardize the outlook for inflation, the Bank of Canada is prepared to lower interest rates three times before the Federal Reserve takes its initial action. Investors are debating whether or not the Bank of Canada would deviate from its American counterpart …