Canadian Dollar (CAD)

The Bank of Canada held its monetary policy meeting last week. Interest rates were left unchanged at 1.25% as widely expected. But, the central bank surprised by signaling that the next rate hike could be coming soon despite uncertainties…
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As the April Canada unemployment rate remains steady, the Canadian economy was seen losing jobs in the month of April, with declines seen by a drop in the part-time workers. The weaker than expected data raised expectations that the Bank of…
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Despite all the attention commanded by the US dollar, its Canadian counterpart remains the strongest performing currency since the start of the month and the beginning of the quarter. Negotiations to save the North American Free Trade…
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You must be wondering why I keep writing about the Canadian dollar. My first article for this column was on September 13, followed by October 11 and January 17. Over the last 12 months, the Canadian dollar has risen 8% against the US…
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The Bank of Canada held its monetary policy meeting last Wednesday. As widely expected, the central bank of Canada holds interest rates steady at 1.25%. The central bank cited uncertainty related to trade factors as one of the reasons for…
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The Canadian dollar is at it again The strongest currency among the top 10-traded currencies last year and again the strongest since the start of the 2nd half of 2017. Last week’s rate hike to 1.00% was the 2nd of the year, which reverses…
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Image via Bank of Canada In the past few weeks, the Canadian Dollar was one of the top performing currencies against the US Dollar. Despite the fact that Crude Oil has been declining, the Canadian Dollar managed to post the highest level…
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Despite the recent developments in Europe, especially in the UK, Manchester attack, and raising the level of security in the UK, markets have been trading with low volume. Moreover, the European session today was quiet amid a lack of…
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The Bank of Canada, at its monetary policy meeting yesterday decided to hold the interest rates steady at 0.50%, as widely expected. Stephen Poloz, the BoC's governor, said that there were significant uncertainties that weighed out the…
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Bank of Canada kept the benchmark interest rate unchanged at 0.50% on Wednesday, marking an unchanged monetary policy since last summer. In its monetary policy meeting statement, the central bank said that the fundamentals were in place for…
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