March 4, 2015

    BoC Holds Rates Steady, Loonie Climbs

    By / March 4, 2015

    CAD is strong this morning having climbed just under a cent on the back of the BoC holding rates steady. It was announced that the overnight rate will be held at 0.75% and now we await the April meeting for a potential cut. News is light out of Canada otherwise and volatility will most likely… Read more

    Loonie Strengthens with positive GDP Numbers

    By / March 3, 2015

    News out of Canada has given the Loonie some upward momentum this morning strengthening the CAD by almost a cent since the open. Most importantly GDP numbers came out a narrow beat at 0.3% against the forecast 0.2%. Other data released included RMPI and IPPI numbers which came out mixed with RMPI missing at -7.7%… Read more

    Focus remains on Wednesday’s BoC decision

    By / March 2, 2015

    News is light out of Canada this morning, however a huge miss on a fairly significant data point this am. Current Account numbers came out a miss at -13.9B against the forecast of -7.4B. Focus remains on the BoC announcement Wednesday where the market is forecasting a 50/50 chance of a further rate cut, which… Read more

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