Monex

CAD Somewhat to our surprise, the loonie was one of the big winners from yesterday’s trading session. USDCAD slipped from just shy of 1.44 to finish the day just north of 1.43. Granted, a rally in...

In this Pi (PI) price prediction 2025, 2026-2030, we will analyze the price patterns of PI by using accurate trader-friendly technical analysis indicators and predict the future movement of the...

CAD Unsurprisingly, the loonie traded under pressure to start the week. With tariff risks front and centre, long USDCAD remains a market favoured FX expression for import levy concerns. Even so, with...

CAD Given Canada’s relative exposure to tariff risks, any “Liberation Day” announcements should be the key risk for loonie traders on the horizon. Granted, Canada is also set to receive March labour...

CAD As Friday trading kicks off, January GDP figures are the one domestic event of note for loonie traders, with expectations for a 0.3% MoM print. While this would mark an uptick from 0.2% growth in...

CAD A blank data calendar should keep loonie traders focused on the BoC’s summary of deliberations, released at 17:30 GMT. The big question for many remains whether or not the BoC is done cutting...

CAD A blank data calendar and a similarly barren docket of speakers should keep the loonie trading in limbo for the time being. Tariff risks remain the key risk on the horizon for CAD traders. But...

CAD After much speculation, new Liberal PM Mark Carney has called a snap election for April 28th, a move that while not impacting USDCAD significantly this morning, we are inclined to see as...

CAD The loonie continues to grind higher against the dollar, finding little relief from last night’s FOMC decision. That said, we agree with the direction of travel, with tariff concerns warranting a...

CAD Yesterday’s CPI prints showed a greater-than-expected inflation rebound in February, causing a headache for the BoC. While some uptick in price growth had been expected given that a sales tax...

CAD February CPI data should be the focus for loonie traders today. Markets expect headline CPI growth to rise 0.6% MoM and 2.2% YoY, up from 0.1% and 1.9% respectively in January. That said,...

CAD The loonie continues to struggle to break out of recent ranges, with USDCAD currently trading in the mid-1.43s – only half a percent lower than it started the month. This is despite a volatile...

CAD While the BoC cut rates by 25bps yesterday, it was Governor Macklem’s mention of a “new crisis” that really caught the eye. He was, of course, referring to the ongoing US-Canada trade conflict....

CAD The war of words between the Trump administration and Canadian officials intensified yesterday, with further tariff threats issued by both sides. Most notably, this saw Trump threaten to double...

CAD The loonie softened to start the week, with a backdrop of falling US equities proving a drag for the Canadian dollar. That leaves USDCAD trading around 1.44 ahead of tomorrow’s BoC decision, with...

CAD While USDCAD continues to sink in response to rolled-back US tariffs, we are still of the view that the current trade tensions are not a positive for loonie fundamentals. Tariff barriers are...