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Canadian Money In A Pocket Of A Blue Jeans

Canadian Dollar Falls Further as Job Numbers Tumble

The Canadian Dollar fell further this past week upon the release of the latest Canadian jobs data. The Canadian Dollar had stabilised since its last disappointing GDP release and concerns surrounding the Chinese economy. The CAD-USD has tumbled from a 3 month high seen in late October when the pair touched 0.7663 with the latest jobs data condemning the CAD…

Petroleum, Petrodollar And Crude Oil Concept : Pump Jack And A Black Barrel On US USD Dollar Notes, Depicts The Money Received Or Earned From Sales After Investment In The Development Of Oil Industry.

CAD and NOK up as Reports State the US Will Removes Tariff Waivers for Importers of Iranian Oil

The Canadian Dollar and Norwegian Krone were both boosted yesterday as the Washington Post broke a story that the US will announce the removal of tariff waivers for those who continue to import Iranian oil. It's anticipated that the Secretary of state Mike Pompeo will shortly announce US sanctions to nations that continue to import Iran’s oil. The US plans…

Current Developments Means CAD Could Suffer for the Foreseeable

Although there was promise for CAD early on, it has been reported that the currency could be at risk over the next few days. Analysts have advised that many will avoid investing in CAD while they wait on the interest rate decision due on Wednesday 6th March 2019 by Bank of Canada. This added to the fact that Canada’s performance…

Canadian Banknotes On White Background

CAD Hits 9 Day Low as Oil Prices Slip – but Could It Turn a Corner in 2019?

The Canadian Dollar slipped to a 9-day low against its US counterpart this week following yet another drop in oil prices. US crude slipped to $52.07 a barrel on Thursday following increased US production, contributing to CAD losing further ground against USD. Although the oil price led CAD depreciation was minimal it drove the commodity currency down further. Whilst January…

Canadian Money On A Black Background

Canadian Dollar Saved after Positive November Jobs Outlook

CAD surges after sound November labour market data. Despite healthy Jobs and unemployment, wages continue to disappoint. Bank of Canada outlook softened due to the positive data report A brief relief for CAD after a dark few months Friday was a happy day for the Canadian Dollar after it strengthened rapidly after November's labour market report showed the economy creating…

Recent Economic Data Helps CAD Keep Footing

It was reported on November 8th, 2018 that CAD had seen some gains, with the USD/CAD pairing trading at 1.3094 on the day. Housing in Canada is expected to reach 199 thousand. It was also revealed that the New Housing Price Index was set to increase to 0.1 percent. Canada’s economy remains positive, with readings from Ivey PMI proving to…

North American Free Trade Agreement Or Nafta And 2026 Football World Cup Organizing Countries Concept With Close Up On The Flags Of Mexico, USA And Canada

Who Was the Real Winner from the ‘New NAFTA’ Deal?

After 14 months of negotiations, personal attacks and twitter rants it would appear that the US, Canada and Mexico are going to approve a ‘new NAFTA’ deal renamed the USMCA deal. Although every nation appears to have made concessions we take a look a key parts of the deal and what they might offer each nation and how they could…

CAD Climbs in Response to Trade Talks

CAD has seen a rough time of late, especially given the ongoing trade discussions. However, recent talks that state that Canada could be involved in a new trade agreement has been goods for CAD. The new trade agreements talks are looking to replace the North American Trade Agreement. Although the current agreement does incorporate Canada, the country was unsure of…