Monex

CAD Given that Canada was the explicit target of yesterday’s US tariff threats, it is no surprise to see USDCAD notching higher, with the pair now trading above 1.44 on the back of these latest...

CAD While the loonie has not fully unwound the recent move lower on the back of Trump’s comments yesterday, it is notable that USDCAD has begun early trading this morning with a softening bias. All...

CAD The loonie was a notable standout on Tuesday for all the wrong reasons. CAD sold off against the dollar, even as the greenback gave up ground against the rest of the G10 complex. This move has...

CAD While Q4 GDP to end the week remains the main data release of note in Canada, Trump’s comments overnight shift the focus for loonie traders squarely onto trade risks. This has already propelled...

CAD While elections are in focus in Europe, in Canada it is GDP data that should be front of mind this week. Set to be released on Friday, we expect to see growth rebound sharply in Q4. Our base case...

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...