Tag: USDCAD
USDCAD: Data Support for BoC Cut
The Bank of Canada (BoC) will announce its monetary policy decision this week, where consensus expects the BoC to increase its pace of monetary...
Disinflation Strengthens the Case for BOC Rate Cut
The Canadian Dollar depreciated to near $1.3800 - its weakest level since mid-August, fuelled by broad dollar strength on the prospect of the Federal...
Energy Price Complexity and US Dollar Strength Pressure the Loonie
The Canadian dollar weakened to $1.3710 in Wednesday trading, hitting an 8-week low, as the outlook for foreign currency inflows eased, while the US...
Canadian Dollar steady on Strong Labor Report
Canadian employment figures in January showed an impressive increase in job creation. Employment increased by 37,300, far exceeding the market forecast of 15,000, while...
As a Commodity Currency, CAD Gets Support from Rising Oil Prices
The Bank of Canada kept the overnight interest rate at 5.00%, as expected. As stated, the BOC remains concerned about risks to the inflation...
A potentially volatile week for USDCAD
USDCAD posted a slight loss of -0.08% and was trading range bound last week. Likewise on Monday (06/03), USDCAD did not show any major changes...
