Canadian Dollar Update – Canadian dollar soaring

Global equity indexes plunge in wake of Trump tariffs. US ISM services and weekly jobless claims data overshadowed by tariff news. US dollar plunges across the board USDCAD: open 1.4125,...

Canadian Dollar Update – Canadian dollar awaiting tariff shoe to drop

Markets treading water ahead of Tariff announcements at 4:00 pm EDT. US ADP payrolls data in focus (forecast 105,000, previous 77,000) US dollar retreats modestly in quiet session. USDCAD: open...

Canadian Dollar Update – Canadian dollar inching lower

Looming tariffs are weighing on the Loonie US ISM Manufacturing PMI expected to dip to 49.5 from 50.3. US dollar trading sideways but bid against commodity bloc. USDCAD: open 1.4369,...

Canadian Dollar Update – Canadian dollar drifting down

Risk aversion soars as tariff day nears Economic data takes a back seat to headlines. US dollar opens broadly mixed-Safe-haven currencies gain USDCAD: open 1.4353, overnight range 1.4276-1.4362, close 1.4320,...

Canadian Dollar Update – Canadian dollar under pressure

US Core PCE Index expected to rise to 2.7% from 2.6% y/y Canada GDP expected to have ticked higher in January. US dollar opens mixed-commodity currency bloc underperform. USDCAD: open...

Canadian Dollar Update – Canadian dollar ignores tariffs

Trump slaps tariffs on autos. Tariff noise will overshadow US GDP data. USD dollar opens mixed to a tad softer compared to close. USDCAD: open 1.4286, overnight range 1.4260-1.4316, close...

Canadian Dollar Update – Canadian dollar grinding out gains

Loonie traders ignoring tariff threats. Canadians hoping to avoid the worst of Trump’s tariffs. USD dollar opens with modest losses. USDCAD: open 1.4253, overnight range 1.4247-1.4299, close 1.4280, WTI 69.46,...

Canadian Dollar Update – Canadian dollar testing resistance

Improved risk sentiment on Tariff walk-back lifts Loonie. US consumers may not be very confident. USD trading defensively but inside well-defined ranges. USDCAD: open 1.4319, overnight range 1.4285-1.4333 close 1.4319,...

Canadian Dollar Update – Canadian dollar drifting higher

Canadian Federal election April 28-beware of polls US may water down April 2 tariffs. USD opens slightly lower across the board on improved risk sentiment. USDCAD: open 1.4337, overnight range...

Canadian Dollar Update – Canadian dollar trading sideways

  Canada retail Sales expected to have shrunk by 0.4% in January. Trump and Defence Secretary to speak at 11:00 am USD dollar opens higher compared to yesterday—CAD outperforms. USDCAD:...