Monex

CAD The Bank of Canada trimmed rates by 25bps in yesterday’s latest policy decision, matching consensus expectations and our own pre-announcement call. That said, with this decision close to being...

CAD Two factors should be top of mind for loonie traders this week – tariff risks and monetary policy. Regarding the former, events over the weekend should serve as a warning shot. We see only...

CAD A quiet end to the week for loonie traders should help focus minds on next week’s key events. Topping the docket, rate decisions from the FOMC and BoC should help shine a spotlight on the...

CAD USDCAD drifted fractionally higher on Wednesday, in line with broader dollar moves. We see little reason for this dynamic to change today either. Of note domestically, retail sales data for...

CAD After trading north of 1.44 for much of the morning, USDCAD slipped back after lunch, helped by CPI readings that were somewhat hotter than they initially appeared. Markets had expected aggregate...

CAD Perhaps unsurprisingly given the risk that tariffs pose to the Canadian economy, USDCAD saw a sharp reaction to tariff headlines on Monday, dropping from above 1.445 to almost 1.425. That slide...

USD Despite the closure of many US markets for MLK day, Donald Trump’s inauguration will nevertheless keep market focus squarely on that side of the Atlantic to start the week, with the dollar likely...

CAD The Canadian dollar has not seen significant movement in response to yesterday’s data or news, with the focus primarily on global developments. As markets remain digesting the latest US economic...

CAD The Canadian dollar continues to face headwinds, driven by political uncertainty and tariff-related risks, which have kept USD/CAD near multi-year highs. With a relatively light economic calendar...

CAD The Canadian dollar continued to trade near multi-year lows on Tuesday, hampered by political uncertainty at home and fears of new US tariffs under the soon-to-be-seated administration. With a...

CAD With Canada at a political crossroads and damaging tariffs highly likely it is no wonder that USDCAD is trading at levels only seen twice in the last 10 years. There are no data releases of note...

CAD USDCAD extended its recent strength during Asian trading hours on Monday. The potential US trade tariffs has recently dragged CAD lower against USD, its biggest trading partner. However, the...

CAD It is not just the US that is due to receive a jobs report today. Canada is also set to see a new round of labour market data. Unlike the counterpart US readings, however, we expect prints north...

CAD In line with the greenback strength seen on Wednesday, USDCAD once again tested 1.44 before easing back through the evening. That said, given our call for further dollar upside, we think it is...

CAD Despite Trump’s comments, USDCAD was remarkably stable through Tuesday trading. Granted, the pair briefly threatened to break below 1.43, but a rebound through afternoon trading saw just a 0.5%...

CAD Political drama gripped loonie traders on Monday, with news that Justin Trudeau is set to resign representing the major non-US story to start the week. We would, however, note that he has vowed...