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NEW YORK - The USD/CAD currency pair has seen an upswing near the 1.3500 mark as investors grow cautious due to escalating geopolitical tensions in the Middle East. The Canadian dollar is under...
NEW YORK - The EUR/USD currency pair experienced a slight recovery today, halting its six-day downward trend amid a broader sell-off of the US dollar and increased buying interest in the Japanese yen....
The US dollar fell against the Canadian dollar today, touching near 1.3680, as market sentiment shifted on the likelihood of further Federal Reserve interest rate hikes. Analysts attribute the softer...
The Canadian dollar remains steady at the crucial 1.3700 level despite recent data showing softer inflation in Canada, which suggests that the Bank of Canada (BoC) may adopt a more dovish approach....
OTTAWA - Canada's inflation rate dipped to a lower-than-expected 3.1% in October on a year-over-year basis, largely driven by a significant 7.8% decrease in gasoline costs. Statistics Canada announced...
The dollar continued its downtrend on Tuesday as traders awaited the Federal Reserve's October meeting minutes and US Existing Home Sales data. The anticipation follows Monday's market sentiment that...
Bank of Canada's Governor, Tiff Macklem, expressed concerns over the bank's decision to maintain the neutral rate of interest during their annual review. Speaking at a Senate economy committee meeting...
The US Dollar to Canadian Dollar (USD/CAD) exchange rate has reached a one-year high, following an underwhelming performance of Canada's economy in the third quarter of 2023. The flat Q3 GDP comes on...
The Bank of Canada (BOC) decided to maintain its overnight rate at 5% on Wednesday, in light of a slowing economy and the need to moderate spending and price pressures through monetary policy. This...
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