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BOC unchanged – Loonie at 1.3440

BoC held rates steady at 1.75%, matching widespread expectations. The bank watered down its commitment to normalization, saying "Governing Council judges that the outlook...

Update on Canadian crosses

USDCAD, EURCAD USDCAD is in consolidation mode near 1.3300 after rallying sharply after disappointing Canadian GDP data, which sent the pair to an initial peak at...

CAD Appears to Ignore Inflation Release

The Canadian Dollar is currently declining against the USD as inflation came out at 1.4%, lower than the 1.5% expectation. Importantly, the BoC core...

Big miss for US Retail Sales hits USD

The Dollar fell following the mix of data, where retail sales were way under expectations, PPI headline cooler, core hotter, and jobless claims higher...

Strong Jobs Numbers Boosts CAD

Canada's 66.8k January jobs jump features mixed details, but was still the largest one-month gain in private sector employment on record.   Stuart Cowell Head Market Analyst Disclaimer: This...

USD and US Equities Remain Bid

The USD remains strong today along with US equities, as they rebound into the green after a fresh batch of earnings reports buoyed sentiment. Stuart Cowell Head...

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USD sinks as CAD spikes

Macro Events & News

USA500 – The Bid Goes On

Mixed Footing for Sterling