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Canada records 63,800 jobs in September US nonfarm payrolls posts a massive gain of 336,000 Fed rate odds of a November hike rise sharply The Canadian dollar is showing limited movement on Friday. In the North American session, USD/CAD is trading at 1.3705, almost unchanged. USD/CAD gained ground im

Share: USD/CAD discovers buying interest near 1.3430 after Canada’s Retail Sales excluding automobiles remained stronger. Consumer spending for automobiles remained weak as households avoided higher installment obligations. The US Dollar struggles to find a direction as investors remain mixed about

Share: Canadian central bank is forecast to leave the key interest rate unchanged at 5.0% on Wednesday. Bank of Canada policymakers are expected to offer little changes to the guidance. BoC policy statement could ramp up volatility around the Canadian Dollar. The Bank of Canada (BoC) is widely expec

Share: While the yellow metal hit a new record high, the silver price remains below its post-pandemic peak. Recession risks loom over Silver While gold has dominated the headlines recently, silver and mining stocks have been material underperformers. And with the latter better barometers of investor

USD/CAD hovers around 1.3595 after retreating from a three-month high of 1.3640. Fed Chairman Jerome Powell remarked that the central bank is prepared to hike interest rates further if required. A decline in oil prices weakens the Canadian Dollar. Investors await the US GDP, core PCE, and Nonfarm Pa

USD/CAD drifts lower for the second straight day and drops to a fresh YTD low on Tuesday.An uptick in Crude Oil prices underpins the Loonie and exerts pressure amid a softer USD.Traders now look to the Canadian CPI report and the US macro data for a fresh impetus. The USD/CAD pair remains under some

Share: The Canadian Dollar follows a broad-market risk bid to higher ground on Friday. Economic data from Canada is thin on Friday, as well as all next week. Crude Oil takes a little off the top, paring back recent losses and helping to prop up the CAD. The Canadian Dollar (CAD) is up on Friday, gai

Bank of Canada expected to hold rates at 5.0% The Canadian dollar is steady ahead of today’s Bank of Canada rate decision. Early in the North American session, USD/CAD is trading at 1.3526, down 0.22%. BoC expected to pause The Bank of Canada has held the cash rate at 5.0% for two straight times and

Canada’s inflation rate falls to 3.1% Fed minutes indicate rates to remain restrictive The Canadian dollar continues to have a quiet week. In the North American session, USD/CAD is trading at 1.3723, up 0.14%. Canada’s inflation declines to 3.1% Canada’s inflation rate fell to 3.1% y/y in October, d

Share: Bank of Canada Deputy Governor Toni Gravelle said on Thursday that they welcome the improvement in October inflation figures but warned that they need to see further progress on restoring price stability. On Wednesday, the Bank of Canada kept its key rate unchanged at 5%, as expected. Gravell

USD/CAD has moved swiftly towards 1.3180 as Canadian inflation has decelerated as expected by investors.Canada's annualized headline and core inflation have decelerated to 3.4% and 3.7% respectively.Weak oil prices have heavily weighed on the Canadian Dollar. The USD/CAD pair has climbed swiftl