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- Submitted Jun 9, 2016|From marketpulse.com|1 comment
The Bank of Canada (BoC) has deemed the risks to the Financial system from the Canadian housing sector have been balanced by the improving economy. The rise of house prices in Toronto and Vancouver continue to be a concern as borrowers continue to ...
- Submitted Jun 8, 2016|From marketpulse.com
The USD dollar decline continues as a potential June Federal Open Market Committee (FOMC) interest rate hike has all but evaporated after the weak U.S. non farm payrolls (NFP) report on June 3. The 38,000 jobs added to the U.S. economy fell short of ...
- Submitted May 30, 2016|From marketpulse.com
The loonie started the week lower as the Memorial Day holiday will severely limit liquidity. The week promises to be full of trading activity for all major pairs, but for now the is the calm before the storm. The week will feature the European ...
- Submitted May 26, 2016|From marketpulse.com|1 comment
The Canadian dollar navigated a volatile trading day with little data out to Canada to support the currency. American economic indicators were in line with expectations with core durable good orders grew at 0.4 percent and orders including ...
- Submitted May 20, 2016|From marketpulse.com
The Canadian dollar continues to depreciate against the U.S. dollar after the U.S. Federal Reserve published the minutes from its April Federal Open Market Committee (FOMC) meeting on Wednesday. The notes were surprisingly hawkish and put the June ...
- Submitted May 13, 2016|From marketpulse.com
After Lucky Friday 13 the USD to Cool With Dovish FOMC Minutes and Low Inflation Friday the 13 is usually considered an unlucky day but the USD rally was given a boost by the retail sales data coming in above expectations. Core retail sales (minus ...
- Submitted Apr 22, 2016|From marketpulse.com
The Sunday news that the Doha oil output freeze meeting had failed hit markets with the Asian open. Commodity currencies were hit as another news item was gaining traction in the energy sector. Kuwait oil workers entered an oil strike which for all ...
- Submitted Apr 12, 2016|From marketpulse.com
The Canadian Dollar Is Gaining Ahead of the Central Bank Rate Announcement. The Bank of Canada (BoC) is expected to keep the benchmark interest rate unchanged at 0.50 percent on Wednesday, April 13 at 10:00 am EDT. The positive effect of a lower ...
- Submitted Apr 8, 2016|From marketpulse.com
A series of dovish comments and the FOMC statement have reduced the forecasted number of rate hikes by the U.S. Federal Reserve in 2016 which in turn have weekend the U.S. currency against majors. The monetary policy divergence that was counted on ...
- Submitted Mar 31, 2016|From marketpulse.com
The Canadian economy expanded in January by 0.6 percent doubling economists expectations. This is the strongest monthly GDP figure since the price of oil was above $100 in July 2013. The Canadian dollar has been riding a positive trend against the ...
- Submitted Mar 29, 2016|From marketpulse.com
The USD tumbled against the CAD after U.S. Federal Reserve Chair Janet Yellen delivered a speech at the Economic Club of New York. The USD had been weaker after the March Federal Open Market Committee (FOMC) had downgraded economic projections and ...
- Submitted Mar 22, 2016|From marketpulse.com
The loonie had a volatile day after the Brussel terrorist attacks shocked the world. The release of the Canadian Federal Budget, the first by the Liberal government, delivered on its promise to spend more in infrastructure to boost growth. The Bank ...
- Submitted Mar 15, 2016|From marketpulse.com
The USD has advanced 0.60 percent versus the CAD in the last 24 hours. The currency pair is trading at 1.3359. The drop in oil prices has driven the USD/CAD above the 1.33 price level and briefly traded at 1.34. CAD traders will be looking for the ...
- Submitted Mar 14, 2016|From marketpulse.com
The Canadian dollar was dragged lower as volatility in the energy markets continues. Organization of the Petroleum Exporting Countries (OPEC) member Iran is willing to freeze production output of crude, but not at January levels as Saudi Arabia and ...
- Submitted Feb 26, 2016|From marketpulse.com
The Outcome of the G20, Central Banks Back in Action and US Employment Will Kick Off March February was supposed to be a quiet month. As quiet as you can get in the forex market but with most major central banks taking the month off and the Chinese ...
- Submitted Feb 26, 2016|From marketpulse.com
The Canadian dollar has recovered from the lows suffered at the beginning of the year when the price of oil plummeted rapidly as a supply glut and record high production levels were announced. The resource based economy of Canada is not diversified ...
- Submitted Jan 22, 2016|From marketpulse.com
The loonie will finish the week of January 25 on a strong note versus major pairs. Boosted by the recovery of oil prices and stronger than expected economic indicators the Canadian currency advanced close to 1 percent versus the U.S. dollar. The ...
- Submitted Jan 12, 2016|From marketpulse.com
The USD advanced 0.353 versus the CAD in the last 24 hours. The USD/CAD touched multi-year highs (1.4316) as the price of oil continues to tumble as supply is far outstripping demand around the globe. The loonie was last at the 70 cent level in ...
- Submitted Jan 6, 2016|From marketpulse.com
The Loonie fell to a 12 year low even as the Canadian trade balance showed a positive shrinking of the trade deficit. Canadian exports grew for the first time in four months narrowing the gap to $1.99 billion beating expectations of a $2.60 billion ...
- Submitted Jan 5, 2016|From marketpulse.com
The USD/CAD was trading above parity two years ago to the day. The monetary policy rate divergence and the drop in the price of commodities have depreciated the CAD to current levels. The price of oil continues to be driven by a supply glut as ...