Monex

CAD In Canada, it should be retail sales that are the major focus ahead of the weekend. Markets look for a sharp rise in consumer spending, with a 1.6% MoM jump in sales forecast. Even so, we would...

CAD In keeping with the greenback’s broad-based climb on Wednesday, USDCAD rose through the 1.42 level, adding 0.3pp over the course of the session. Industrial prices are the only domestic event of...

CAD At first glance, yesterday’s inflation data release looked hot. While headline price growth matched expectations at 1.9% YoY, core median and core trim both rose to 2.7%, above consensus...

CAD Today’s CPI data should be front of mind for loonie traders ahead of the release at 13:30 GMT. Consensus expectations look for 0.1% MoM price growth in January, with all-items CPI seen rising...

CAD Canadian inflation data, published tomorrow, should be front of mind for loonie traders. Consensus expectations are looking for 0.1% MoM price growth in January, with all-items CPI seen rising...

CAD USDCAD continued to slide on Thursday, with a further paring of tariff risks helping to catalyse this latest move lower. Given our longstanding view on the credibility of Trumps, tariff threats,...

CAD After a roller coaster 24-hours USDCAD ultimately trades little changed. The pair is hovering just shy of 1.43, with none of the Russia-Ukraine negotiations, US CPI, or BoC summary of...

CAD Despite the focus on US inflation data this afternoon, loonie traders will also have a summary of deliberations to contend with today, due to be released at 18:30 GMT. Indeed, this release will...

CAD Despite the muted reaction seen elsewhere in FX markets, USDCAD spent Monday trading notably weaker, albeit still below the 1.44 level where it spent much of last month. That said, we think it is...

CAD The Canadian dollar was highly volatile last week following the U.S. tariff announcement. USDCAD initially surged as markets reacted to the 25% import levy on Canadian goods but reversed some...

CAD Unlike the counterpart US print, we expect Canadian data to paint a much grimmer picture this afternoon. Markets look for just 25k job additions, while the unemployment rate is seen climbing to...

CAD While tomorrow’s jobs data is the main domestic data release of the week, today, Governor Macklem should capture Canadian headlines. The Governor is set to deliver video remarks to a BIS event,...

CAD It has been a remarkable turnaround for the loonie. In the space of less than two days, USDCAD has managed to rise more than 3%, with markets pricing out tariff risk almost entirely by our...

CAD Monday saw a roller-coaster start to the week for loonie. After threatening 1.48 in the early morning, USDCAD ended the day trading a 1.44 as news broke that Trump would temporarily suspend his...

CAD Perhaps unsurprisingly, the loonie is at the centre of attention once again to start the week. USDCAD is trading around 1.47, having come close to testing 1.48 in the early hours of the morning....

CAD While most dollar pairs were relatively unmoved by Trump’s comments overnight, the loonie was not amongst them, with USDCAD testing the 1.45 level before falling back in recent hours. Despite the...