Canada retail sales Friday’s Canadian retail sales report for September far-surpassed expectations at +0.6% compared to a flat reading expected. In addition, the advance reading for October was +0.8% in a sign of even-more strength. CIBC highlights a contrast in consumer spending patterns in the report. While auto sales surged, there was a noticeable dip
Share: The Canadian Dollar found its highest bids in nearly six weeks on data beats. Retail Sales in Canada gave a surprise 0.6% jump in September. The Loonie was firmer on Friday as market sentiment spun up to close out the week. The Canadian Dollar (CAD) found some bullish momentum in the latter half of
USD/CAD PRICE, CHARTS AND ANALYSIS: Read More: The Bank of Canada: A Trader’s Guide USDCAD has been stuck in a range since the beginning of November with the recent drop in Oil Prices coinciding with US Dollar weakness keeping the pair rangebound. Many had hope Canadian inflation may bring the recent malaise in USDCAD to
Share: USD/CAD loses traction above the 1.3700 mark on Monday. Traders believe the Fed is done with the hiking cycle and expect the Fed will begin easing monetary policy in May 2024. FOMC Meeting Minutes and Canadian CPI will be closely watched events. The USD/CAD pair trades in negative territory for the second
Share: The CAD caught a bounce on risk appetite in early Friday trading. Industrial inflation figures in Canada print better than expected. US Dollar, Fed reaction is driving the market today. The Canadian Dollar (CAD) is looking to pare back some of Thursday’s losses, catching some support from bolstered Crude Oil bids, but
Share: The Canadian Dollar has seen little but downside this week. A pivot to market Fed expectations is sending investors into the US Dollar. Crude Oil bids try to recover, limiting Loonie losses for Friday. The Canadian Dollar (CAD) is in the red overall for the week, seeing only a minor gain on
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Share: The Canadian Dollar is bounding higher, extending weekly gains. Canada Unemployment Rate missed forecasts, hampering CAD upside. CAD gains 17.5K jobs, entirely part-time employment; wage growth also lower. The Canadian Dollar (CAD) is seeing further upside against the US Dollar (USD) after a US Nonfarm Payrolls (NFP) report that came in below
Share: Canadian Dollar falls back as broader markets turn into the US Dollar. Canada GDP flattens as economy lags, odds of future rate cuts beginning to rise. Fed’s Wednesday rate call has markets twisting, USD is Tuesday’s best performer. The Canadian Dollar (CAD) has seen a quick end to its almost-rally on Monday,
© Reuters. By Jonathan Stempel NEW YORK (Reuters) -A Brooklyn man and a Montreal couple were charged on Tuesday in New York with scheming to violate U.S. sanctions by exporting millions of dollars of technology to Russia, including electronics supporting the Kremlin’s invasion of Ukraine. Salimdzhon Nasriddinov, 52; Nikolay Goltsev, 37, and Kristina Puzyreva, 32,
