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The U.S. dollar saw quite a comeback yesterday for a number of reasons. Among the most significant were comments from the European Central Bank, which announced that it planned to extend its asset...
The Catalan regional parliament has voted to declare independence from Spain, just as the Spanish government appears set to impose direct rule.The move was was backed 70-10 in a ballot boycotted by...
The Canadian dollar continues to lose ground this week. In the Friday session, USD/CAD is trading at 1.2884, up 0.30% on the day. On the release front, there are no Canadian releases on the schedule....
The Canadian dollar fell against the U.S. dollar on Thursday. There was no economic data on the Canadian calendar, with the market mostly focused on the European Central Bank (ECB) rate statement. The...
The Canadian dollar traded at a three-month low after the Bank of Canada (BoC) kept the benchmark interest rate intact as expected and delivered a dovish assessment of the economy and NAFTA...
The Canadian dollar has paused in the Thursday session, after sharp losses on Wednesday. Currently, USD/CAD is trading at 1.2793, down 0.03% on the day. On the release front, there are no Canadian...
Wednesday October 25: Five things the markets are talking aboutLater this morning, the Bank of Canada (BoC) will release its rate statement and quarterly monetary policy report (10 a.m. EDT). No rate...
Bank of Canada expected to stand pat on WednesdayThe U.S. dollar is trading higher against most major pairs. The EUR is the outlier as the USD is down against the single currency ahead of the European...
Economic momentum is fading. Last Friday's release of the Canadian retail sales report showed a rare back-to-back decline in the volume of sales for the months of July (-0.1% m/m) and August (-0.7%...
In a context devoid of major events, the greenback managed to gain ground yesterday against the other major currencies. Among the sources of support, one could note the impression that progress is...
The Canadian dollar is unchanged in the Tuesday session. Currently, USD/CAD is trading at 1.2655, up 0.06% on the day. On the release front, there are no Canadian events. The U.S. will release the...
The EUR (€1.1764) continues to be trading somewhat unaffected by political uncertainty in Catalonia. Instead, all investor eyes are on the prospect of the European Central Bank (ECB) announcing...
The Canadian dollar was softer on Monday after last week’s events boosted the USD against the loonie. Tax reform optimism and a message from the Trump administration that a Fed Chair candidate...
The loonie lost a little over 1% last week due to uncertainty surrounding NAFTA, but also due to the lack of inflationary pressure in Canada and disappointing consumer spending data. Another...
Wholesale sales rose 0.5% to $62.8 billion in August, led by the personal and household goods and motor vehicle and parts sub-sectors.Sales were up in four of the seven sub-sectors, together...