January 17, 2018

    CAD Retreats Even With BoC Rate Hike

    By / January 17, 2018

    Wednesday, January 17, 2018 The CAD has tumbled almost a full cent even after the Bank of Canada raised their key interest rate to 1.25%, the highest level since 2009. This move seems to have been completely priced in with a quick move up for the CAD followed by a tumble downwards. A press conference… Read more

    CAD Retraces Losses Ahead of Tomorrow’s BoC

    By / January 16, 2018

    Tuesday, January 16, 2018 The CAD has made solid gains after touching its week’s lows earlier this morning. News is absent this morning leaving the CAD’s movement to the market and overall sentiment. We may see continued strength for the CAD into tomorrow’s BoC meeting where it is widely agreed that the central bank will… Read more

    QUIET NORTH AMERICAN MARKETS BEFORE THE BOC MEETING

    By / January 15, 2018

    Monday, January 15, 2018 Economic releases are quiet from Canada this morning. There is no data before the important Bank of Canada meeting and press conference Wednesday. Markets are expecting the BoC will raise interest rates and some Canadian banks have already adjusted their mortgage pricing to reflect this. Even with this rate move looming,… Read more

    USD Soft Despite Inline Inflation Data

    By / January 12, 2018

    Friday, January 12, 2018 With an absence of domestic data and softer commodity prices, the CAD is trading lower today versus most currencies except the USD. The next important Canadian release is the Bank of Canada rate announcement and press conference scheduled for Wednesday. With recent economic data coming in strong, OIS is pricing about… Read more

    CAD drops on NAFTA concerns

    By / January 11, 2018

    Thursday, January 11, 2018 The loonie is trading lower versus most currencies today and flat versus the USD. The New Housing Price Index printed as a slight miss at 0.1% growth versus the expected 0.2%. Trade relations between Canada and the USA are tense as Canada ‘detonated a bomb’ yesterday, lodging and official complaint to… Read more

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