Canadian Dollar (CAD)

Canada’s Ivey PMI report will be coming out later today. Economists forecast that the index will ease to 51.5 in April. This follows a strong performance in March where the index rose to 54.3. This marked a rebound in activity as the…
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The Bank of Canada will be holding its monetary policy meeting later today. The central bank is widely expected to keep interest rates unchanged at today's meeting The BOC’s interest rates currently stand at 1.75%. Bank of Canada…
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Loonie Bid as US Drops Sanction Waivers The most volatile pair for Easter Monday, USDCAD, fell 30 pips from its daily open at $1.3380. This came after a news article from The Washington Post said that the US will announce the end of…
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The markets open to a short trading week with most of the trading closed in Europe and the United States. Despite a short week, there is no shortage of fundamentals that will likely shape the outcome of the currency markets this week.…
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Today marks the unofficial start of the five-week-long Q1 corporate earnings season. It kicks off with the release of quarterly results from JPMorgan Chase and Wells Fargo ahead of the US market open. Earnings season, as we've mentioned…
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Housing is one of the premier measures of real-world effects of monetary policy and changes in interest rates. It's also a gauge of disposable income. This is why traders are keeping an eye on the Canadian housing market since it often…
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Investors will be looking to the March payrolls report coming out of the United States and Canada later today. Both economies have seen a slower pace of growth in the first few months this year. But the labor market remains one of the…
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Earlier in the week, we got the Markit manufacturing PMI which disappointed. But traders usually focus more on the Ivey version, which we're anticipating tomorrow afternoon. Can we expect further disappointment? What does it mean for…
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Until a few months ago, the Canadian economy was firing on all cylinders. The Bank of Canada responded with hiking interest rates while maintaining a hawkish view. But since October last year, the BoC has put a break on the rate hikes.…
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The Bank of Canada held its monetary policy meeting last week on Wednesday. As widely expected, the central bank left the key interest rates unchanged amid a sudden and a sharp slowdown in the nation’s economic growth in the final months of…
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