November 30, 2015

    CAD Rises on Negative US Data

    By / November 30, 2015

    The CAD is up slightly from the close last week on some negative news out of the US. Domestic news is fairly limited today with only Current Account numbers being released this AM. This data was a little bit of a miss coming out at -16.2B vs. the expected 15.2B. The next big release out of Canada comes in tomorrow’s GDP numbers followed by Wednesday’s BoC rate statement. The USD is mixed this morning following… Read more

    CAD Falls as Markets Remain Quiet

    By / November 27, 2015

    The CAD has fallen over half a cent this morning on the back of weak energy prices and uncertainty with the Canadian economy. RMPI numbers are the lone release this morning coming out at their expectation of 0.4%. It has been a quiet couple days in the market with the American holiday season upon us. The USD is broadly firm against most currencies after yesterday’s banking holiday. The markets are expected to remain quiet today… Read more

    Quiet News into US Holiday Season

    By / November 26, 2015

    CAD is quiet today rising marginally against the USD. No news out of Canada and a bank holiday in the US will leave the CAD vulnerable to the overall broader tone and energy prices. We don’t expect much with regards to movement or volatility for the trading session today. The USD is up slightly against most pairs into the holiday season. A bank holiday in the US today leaves little as far as expected volatility… Read more

    USD Strong on Busy News Morning

    By / November 25, 2015

    CAD is down this morning on the back of positive news out of the US with no domestic data to bolster Canada’s position. Oil has climbed slightly with Inventory numbers coming out just below their 1.2M barrel expectation at 1.0M barrels. The CAD has been trading in a relatively narrow range as of late with little breaking it out of its boundaries with the USD. The USD has strengthened against the EUR and consolidated against… Read more

    CAD Makes Slight Gains on Oil

    By / November 24, 2015

    CAD has made gains this morning trading in a narrow range above yesterday’s multi-month low based on a rise in oil prices, even with an absence of fundamental news. Oil has climbed to its highest level seen in almost two weeks. A number of US releases will likely be the focus for the day, leaving the CAD vulnerable to the USD and the market’s broader tone. The USD has retreated modestly against most of its… Read more

Back to Top