Daily Market Update

Currency News

CAD Continues to Rally on US Tariff Announcements

Posted on September 18, 2018
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Tuesday, September 18 2018   The CAD is up slightly and benefiting from pending tariffs being placed on the USA by China even with little to no progress on NAFTA as of late. News was light a reported a slight miss with Manufacturing Sales coming in at 0.9% vs. the expected 1.0%. Little has changed in the price of crude as it continues to trade just under the $70 mark.   The USD is losing
Finances

CAD Gains to Open Trading Week

Posted on September 17, 2018
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Monday, September 17 2018   The CAD making slight gains against the USD this morning on improving fundamental data. Foreign Securities Purchases impressed coming in well above the 4.34B forecast at 12.65B. Tomorrow’s Manufacturing Sales numbers headline the news out of Canada.   The USD is struggling and down against most of the G10 currencies in what seems to be a morning of light trade. Last week we saw the USD fall on Thursday but
Parliament Hill

CAD Retreats from Week’s High

Posted on September 14, 2018
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Friday, September 14, 2018   The CAD is under pressure even on a morning absent of any material releases or headlines. Progress on any NAFTA deal has seemingly stalled but most still feel that a deal will get done in the medium term. Next week is also a quiet one for CAD with regards to fundamental releases.   The USD is started the morning on a soft note but has since regained its footing with
G7 Country Flags

CAD Consolidates NAFTA Driven Gains

Posted on September 13, 2018
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Thursday, September 13 2018   The CAD is consolidating and trading near the top of its week range with most gains being NAFTA driven. Ongoing negotiation progress continued to bolster the CAD yesterday capping a 2 cent move from levels seen Monday. News was limited to NHPI numbers that released in line with the 0.1% forecast.   The USD is mixed and trading narrow ranges against most of the G10 currencies. A soft undertone is
Us, Canada, Mexico Flag

CAD Surges on Improving NAFTA Talks

Posted on September 12, 2018
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Wednesday, September 12 2018   The CAD is surging and up over a percent and a half since its lows yesterday. Gains have been driven mostly by constructive NAFTA headlines from Trump, mainly on progress in dairy negotiations. Crude Oil Inventories showed a draw of 5.4M barrels, compared with the expected draw of only 1.3M. Crude continues to trade just over the $70 mark.   The USD is little changed against most of the G10