Monex

CAD A positive session for equities saw the loonie finish Wednesday training in the green, notching gains of just over one-tenth against the dollar in spite of the barren data calendar. Today, all...

CAD A light data calendar saw USDCAD trade in a tight range once again on Tuesday, with neither cross-asset dynamics nor Chair Powell’s testimony in Congress offering much direction for the pair...

CAD Monday saw USDCAD trading in a very narrow 0.15pp range with a blank data calendar and mixed cross asset conditions offering little direction for the pair. Similarly, a lack of domestic data...

CAD After a busy week just gone, loonie traders look set for a quieter data calendar coming up, with no major data prints scheduled out of Canada for this week. Even so, we are still inclined to...

CAD Despite an alarming slide in yesterday’s June PMIs, the loonie posted a 0.2% gain against the dollar, propelled by a rally in global equities and a broad improvement in risk conditions. That...

CAD While today’s PMI numbers should add further confirmation that the Canadian economy remains weak, it is tomorrow’s jobs report that is key for the Bank of Canada. Admittedly, markets do expect to...

CAD The return of Canadian traders to the office yesterday after the Canada Day holiday saw USDCAD drop by 0.4%, largely reversing Monday’s climb. This price action belied yet another signal that...

CAD Despite a holiday disrupted Monday due to Canada Day, USDCAD still posted gains of almost 0.5% to start the week, with the upwards impetus coming from a soft set of ISM manufacturing PMIs south...

CAD Even as political risks in Europe dominate market thinking to start the week, Canadian jobs data on Friday should not be overlooked. This week’s jobs report is the final labour market print...

CAD After May’s inflation data surprised to the upside, the April GDP reading released later today is likely to be key for Bank of Canada expectations, and specifically, the prospect of the Governing...

CAD Looking back over the week so far, USDCAD price action has failed to tell the story of the key events in Canada. Most significantly, despite a hotter than expected CPI reading on Tuesday taking a...

CAD USDCAD finished Tuesday’s session unchanged on the day, something of a surprise given that hot CPI data put a sizable dent in the odds of a July rate cut from the BoC. Having been expected to...

CAD While BoC Governor Macklem hit the airwaves to kick off the week, his comments on the Canadian labour market and inflation did little for the loonie, which traded broadly in line with other G10...

CAD The back end of last week offered only muted USDCAD price action, despite a better-than-expected April retail sales report that offered a counterpoint to the narrative of weak Canadian growth....

CAD Canadian retail sales data should be in focus for loonie traders today. Markets are expecting a solid expansion in consumer activity, with headline sales likely to rise by 0.7% MoM in April....

CAD While a US holiday took the focus off North America yesterday, USDCAD still weakened at the margin, falling by just shy of 0.1%. Most significantly though, the loonie’s fractional move higher was...