CAD news
Latest breaking stories, features and analysis
USD/CAD forms a double-top pattern ahead of Canada jobs data
- The USD/CAD price has formed a double-top pattern ahead of Canada jobs data.
- Analysts expect that the country’s unemployment rate declined to 8.0%.
- On Wednesday, data by Ivey showed that Canada’s PMI rose in March.
April 8, 2021
Trending news
21st December
Graph Token (GRT) listed on major crypto exchanges
10th December
Crude oil prices rise despite US inventories build-up
Market analysis
Bank of Canada Cuts Rates Again, USD/CAD Hits 4-Year High
Bank of Canada (BoC) slashed its benchmark interest rate by 50bps from 1.25% to 0.75% for the second time in 10 days as the central banks worldwide continue to ease amid the coronavirus outbreak. Fundamental analysis: New measures introduced In addition to a rate cut, the Bank introduced a…
March 13, 2020
USD/CAD Price Skyrockets Over $1.31 On Dovish Bank Of Canada Statement
The USD/CAD has burst higher today on the dovish Bank of Canada (BoC) monetary policy statement. Compared to this morning’s price, USD/CAD trades more than 100 pips higher. Fundamental analysis: BoC unexpectedly dovish Bank of Canada left its key policy rate unchanged at 1.75% at its January policy meeting. However,…
January 22, 2020