CAD: Expectations Vs Reality

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 dollar. It is the strongest currency among the G10 currencies over the last 4 weeks. So, what happened to the cur...

2018-04-24 Ashraf Laidi Read more
BOC_Poloz

The Canadian dollar strengthened for fourth consecutive week against the US dollar, rising over 2% by Friday's close. USDCAD fell to a two-year low on Friday as price tested lows of 1.2061. Further gains can be expected from the USDCAD as the economy continues to push ahead at full steam. BoC hikes interest rates in September The Loonie gai...

2017-09-12 John Benjamin Read more
Bank of Canada

In May, Canada's GDP report showed that the economy expanded 0.6% on a month over month basis. This marked a seventh consecutive month of increase in economic activity. On a year over year basis, Canada's GDP expanded 2.6% during the first quarter of 2017. This was also the fourth consecutive quarterly expansion in the GDP. May's GDP report bea...

2017-08-31 John Benjamin Read more