Monex

CAD In perhaps the biggest news to start the week, reports abound this morning that Canadian PM Justin Trudeau is likely to resign. Granted, this is not entirely surprising. Trudeau has been under...

CAD The loonie pared back some post-Fed losses through Thursday trading. Even so, USDCAD remains elevated, hovering around 1.44 as markets begin to wind down for Christmas. Unlike some other currency...

CAD USDCAD took yet another leg higher on the FOMC’s latest policy decision, with the pair shooting through 1.44 overnight. While the move has moderated somewhat this morning, the loonie is still...

CAD Despite a modest undershoot for all-items inflation in October, we are inclined to see yesterday’s CPI report as a non-event for the BoC. Readings largely matched expectations, with marginal...

CAD The loonie continues to test new lows this morning following news that Finance Minister Chrystia Freeland is set to resign. The announcement leaves Justin Trudeau’s government on the brink of...

CAD The Canadian Dollar (CAD) has been under pressure recently following last weeks decision by the Bank of Canada (BoC) to ease its monetary policy aggressively. The BoC slashed its borrowing rates...

CAD USDCAD rose once again on Thursday as markets continued to digest the BoC decision from earlier in the week. That said, the news that really caught our eye overnight was a suggestion that Canada...

CAD A BoC policy decision was the second of two major events yesterday, seeing the Governing Council ease by 50bps to take the policy rate to 3.25%. Admittedly this was a larger move than our...

CAD While US inflation data is likely to capture headlines today, the BoC is also set to deliver a policy decision – one that we will be paying close attention to this afternoon. Markets currently...

CAD After spending much of Monday morning grinding lower, USDCAD ultimately ended the day up just a touch. This move higher for the pair comes as markets continue to weigh the odds of a 25bp versus...

CAD The BoC’s Wednesday meeting is the main event this week for loonie traders. Sell-side consensus expects to see a 50bp cut by a 2-1 margin, while swap markets assign this outcome at a 90%...

CAD While labour market data from the US should be the main focus for traders this afternoon, the counterpart Canadian report should not be overlooked. We expect to see a sharp contrast between the...

CAD Little news of note for the loonie saw USDCAD tracking sideways yesterday. A similar story looks likely today too, with markets seemingly adrift ahead of North American jobs data tomorrow....

CAD Despite a limited domestic data calendar, USDCAD continued to grid higher on Tuesday once again. We would be surprised if this move does not continue to extend today too, with Q3 labour...

CAD USDCAD saw another leg higher on Monday, in line with broad dollar moves, but with the loonie continuing to outperform on crosses. A blank Canadian calendar of events is likely to keep the pair...

CAD Similar to other high beta G10 currencies, the loonie has found itself caught up in this morning’s FX moves, with USDCAD up 0.25%. That said, with market-implied odds pricing a 60% risk that the...