The Canadian dollar dropped today versus safer currencies as macroeconomic fundamentals were surprisingly bad both in Canada and in the United States. The currency still managed to outperform the euro after the earlier drop.(…)Read the rest of Fundamentals in US & Canada Surprisingly Bad, Loonie Dips (96 words) Posted on Forex News. Read More Fundamentals in US dan Canada Surprisingly Bad, Loonie Dips
Posted in FX News | Tagged bad, canada, dips, fundamentals, in, loonie, surprisingly, us
The Bank of Canada interest rate decision and statement has come and gone. On the inflation front, ‘the profile for inflation is marginally firmer’ and that ‘several significant upside and downside risks are present in the inflation outlook’ the BOC said. Read More Preview Canada CPI Where Next For USD CAD As It Tests Key [...]
Posted in FX News | Tagged as, canada, cpi, for, it, key, next, preview, support, tests, usdcad, where
The Bank of Canada (BoC) announced its decision to keep its target overnight rate unchanged at 1.00 percent. Read More Bank of Canada Maintains Target Interest Rate at 100 persen
Posted in FX News | Tagged 100, at, bank, canada, interest, maintains, of, rate, target
The calendar may have rolled over but the picture is the same at the Bank of Canada. Set against acute global headwinds and bruised domestic confidence, the theme for the overnight rate of lower for longer remains firmly entrenched. It should therefore come as no surprise to see the Bank Read More BoC Monetary Policy [...]
Posted in FX News | Tagged 2012, bank, boc, canada, from, monetary, monitor, more, of, policy, same, start, the, to
Canada’s gross domestic product fails to expand for the first time in five months in October, reflecting lower pace of recovery in the world’s tenth largest economy which has been vulnerable to spreading sovereign crisis in Europe and overheating domestic housing market. Read More Loonie Remains Strong despite Flat October Canada GDP
Posted in FX News | Tagged canada, despite, flat, gdp, loonie, october, remains, strong
Yesterday we talked about the Canadian Dollar building strength as a result of strong retail sales and higher oil prices. While we face thin liquidity trading and so moves may not be indicative of what the full market may be thinking, we did see the CAD gaining strongly against the Read More Preview Canada GDP [...]
Posted in FX News | Tagged canada, gdp, implication, on, preview, usdcad
FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news. Read More Canada Capacity Utilization up to 813 persen in 3Q from 799 persen
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Today’s announcement is the first after the Bank released its downgraded economic forecast in October’s MPR, and strikes a slightly more dovish tone in line with the deepening Euro zone crisis. It remains consistent with our call for the Bank of Canada to leave interest rates unchanged until the first Read More Bank of Canada [...]
Posted in FX News | Tagged bank, canada, dovish, leaves, more, of, rates, slightly, tone, unchanged
G-20 optimism is boosting the Canadian dollar, Firas Askari, head of currency trading in Toronto at Bank of Montreal’s BMO Capital Markets unit, said by e-mail. Risk is on and the Canadian dollar does well. The Canadian currency strengthened 0.9 … 41 Vote(s) Read More Canada Dollar Rises on G20, Gains in Manufacturing, US Retail
Posted in FX News | Tagged canada, dollar, g20, gains, in, manufacturing, on, retail, rises, us
Today’s communiqu? is consistent with Governor Carney’s more dovish tone at the August press conference where he stated that the Bank will downgrade their economic outlook somewhat. And absent any guidance on when the stance of monetary policy might change, we expect interest rates to remain exceptionally stimulative for the Read More Bank of Canada [...]
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