Tag Archives: Canadian dollar

CAD Slides On Weak Economic Growth

Talking Points Canada GDP y/y 2.1% in April vs 2.3% expected and 2.1% prior. {{1538|Canadian Dollar}} Falls vs US Dollar Following the Data Release USD/CAD Support Clusters from 1.0634 to 1.0673 Canada’s economy was expected to accelerate, but the headline year-on-year output … Continue reading

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CAD Firm On Strong Housing Data

The Canadian dollar has posted slight gains in Wednesday’s North American session, as the pair trades in the mid-1.06 range. In economic news, Canadian Housing Starts had another strong outing in June and beat the estimate. In the US, today’s highlight is the minutes … Continue reading

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Should Canada Cut Rates?

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The worst-performing currency over the past 3 months is hands down the Canadian dollar. The loonie lost more 10% of its value against the greenback, half of which … Continue reading

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CAD Takes Out Trendline

It has been painful trying to pick a bottom in the US dollar against the Canadian dollar. But today a 4-5 point downtrend from January’s secondary high is being violated — near CAD1.2785. Intraday penetration is one thing, but some … Continue reading

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CAD Strengthens Against USD As Oil Rises

With the Canadian dollar strengthening against the US dollar as oil prices rise above $41, I expect some more weakness for the USD/CAD pair over the coming days and a possible pull back even towards 1.29. However, my longer-term view … Continue reading

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USD/CAD Canadian Dollar Falls As Oil Price Tumbles With Persistent Glut

The Canadian dollar depreciated versus its U.S. counterpart in the first trading session of the week after the price of energy fell following reports of higher exports and higher number of rigs. The Canadian dollar had touched post-Brexit highs last … Continue reading

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USD/CAD Canadian Dollar Lower Ahead Of U.S. Presidential Debate

The Canadian dollar is lower on the first day of trading this week even after oil prices jumped close to 4 percent as the Organization of Petroleum Exporting Countries (OPEC) and other major producers started their meeting in Algiers. The … Continue reading

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OPEC Agrees, CAD Rises

According to the most recent reports, the members of the cartel have reached an agreement to cut their production as a group by some 700,000 barrels a day. With the exception of Iran, Libya and Nigeria, OPEC’s member nations will … Continue reading

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Canadian Dollar Flat After Release Of Fed Minutes

The Canadian dollar traded in a tight range as the market was ready to dig into the minutes from the September Federal Open Market Committee (FOMC) meeting. The loonie ended flat against the greenback as the internal pision at the … Continue reading

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Canadian Dollar Lower On Oil Drop

The Canadian dollar had a negative trading session on Monday. The loonie was pressured downwards as the price of oil retreated and the USD advanced on the hopes President Trump will present a tax reform plan this week. The results … Continue reading

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