At 1.2824, USD/CAD is higher on Tuesday so far as the commodity sector is shaken by concerns about weak earnings and slowing economic growth punctured the recent mini-rally. Shares have been performing negatively while traders, market participants and investors are still concerned over China’s economy.At the start of the week, …
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The USD/CAD pair slides for the third successive day and is trading back below the 1.2900 figure after two consecutive days of a busy Canadian calendar, which witnessed the release of inflationary figures showing that Consumer Prices surged. The market reacted the opposite way, sending the USD/CAD rallying above 1.2900, …
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Canada’s unemployment rate has surged to 6.5%. Many businesses closed up shop in January due to the spread of the Omicron variant, which resulted in the loss of work for hundreds of thousands of Canadians. Canada’s economy lost 200,000 jobs last month, according to Statistics Canada, as COVID-19 shutdowns related …
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