Insights

Dec 5, 2018
Bank of Canada changes tune on Canadian economy, Canadian dollar takes a hit

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By MoneyWay
Dec 4, 2018
Currencies unchanged, markets unsure of China/U.S. trade truce

Even as the Bank of Canada has its meeting tomorrow, markets have already decided that there will be no rate hike. Analysts will be looking for what the Bank has to say about the coming new year. Expectations are for another rate hike in January, while the BoC might hold off after that. Meanwhile, investors […]

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By MoneyWay
Dec 3, 2018
U.S./China tariff truce causes USD to drop

The U.S. dollar fell broadly on Monday, as currencies battered by trade tensions between the United States and China staged a comeback after leaders from the two countries declared a truce on tariffs. China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in Argentina between […]

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By MoneyWay
Nov 30, 2018
Canada’s GDP grows at slow pace, Canadian dollar a little weaker

 Canada released data Friday showing consumption spending grew at the slowest pace in more than two years, while businesses recorded an unexpected drop in investment and scaled back on inventories. Overall, the economy grew at a 2 percent annualized pace, largely due an improved trade picture as imports fell. Domestic demand — which excludes trade […]

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By MoneyWay
Nov 29, 2018
USDCAD unchanged, waiting for G20 meetings

USD-CAD has corrected back to around the 1.3250 mark after yesterday printing a five-month high at 1.3359. The driver has been the drop in U.S. Treasury yields after Fed chair Powell affirmed a dovish shift in the policy outlook. This drove the U.S. Dollar broadly lower, offsetting, for now the impact of the 33%-plus decline […]

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By MoneyWay
Nov 28, 2018
Canadian dollar rebounds against USD after FED comments

The Canadian dollar weakened as much as 1.3360 this morning, however at a speech in New York, Federal Reserve Chairman Jerome Powell said that the gradual interest-rate hikes are meant to balance risks as it tries to keep the economy on track. He also said that there was “a great deal to like” about U.S. […]

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By MoneyWay

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