Buoyed by the current account nearing surplus for the first time in nine years, the government on June 17 said reduction in CAD is a sign of economic health and it is committed to sticking to its ...
USD/CAD lacks any firm intraday direction as traders keenly await the BoC policy update. Fed rate cut bets and US fiscal concerns cap the overnight USD recovery and spot prices. A downtick in Crude ...
Weak Canadian inflation, deteriorating domestic data and a rampant US dollar should have been the perfect recipe for USD/CAD bulls. Tuesday’s price action had other ideas. Canada inflation undershoots ...
USD/CAD consolidates its recent strong gains to the highest level since August 5. Bearish Crude Oil prices and bets for a larger BoC rate cut undermine the Loonie. The emergence of some USD dip-buying ...
US Dollar trades steady above 1.33 handle on weak crude oil price action in the broad market and the price action is expected to continue ahead of Canadian macro data update which is expected to ...