USD/CAD rises sharply on lower WTI prices, fueled by data from China showing its economy slowing down. The New York Fed’s Empire State Manufacturing Index for August falls to -31.3, driven by deteriorating business conditions. USD/CAD could get some clues from Canadian inflation figures, along with the US Federal Reserve Minutes to be released on […]
Tag: Canada
Olaf Solz is in Canada from August 21-23
German Chancellor Olaf Scholz will be in Canada from August 21 to 23 to discuss with Prime Minister Justin Trudeau the two countries’ support for Ukraine, energy security and energy transition issues, Ottawa announced Saturday. During his visit the chancellor will visit Montreal, Toronto, as well as Stephenville, Newfoundland and Labrador. During their talks in […]
Canada: Employment unexpectedly falls by 30,600 in July
Net change in employment: -30,600 vs. +20,000 expected. Unemployment rates remain at 4.9%. USD/CAD soars after data from Canada and the US. The employment report Canada showed an unexpected drop in employment in July, but it didn’t significantly affect the loonie. The net change in employment was negative at 30,600with an increase of 20,000 expected. […]
USD/CAD hovers around 1.2850 ahead of US and Canadian jobs data
USD/CAD advances during the day are facing resistance at the 50-day EMA at 1.2857. Falling oil prices and sentiment weighed on the Canadian dollar, a tailwind for USD/CAD. USD/CAD Price Analysis: A Break Above 50 Day EMA Could Clear Path To 1.3000; otherwise, 1.2800 is targeted. The USD/CAD rises and trims some of Wednesday’s losses […]
Canada: €77,000 a year to taste candy
Enjoy more than 3,500 candies each month to secure $100,000 Canadian (€77,000) in annual earnings from your couch. An enticing job posting was posted by an online candy store in Canada, called Candy Funhouse, looking for a “general manager of confectionery.” The role involves “guiding” Candy Funhouse policy and the three tasters already employed. “At […]
Canada: S&P Global Manufacturing PMI falls to 52.5 in July vs. 55.7 expected
Canada’s global manufacturing PMI falls in July. USD/CAD is holding on to small daily gains above 1.2850. Business activity in the manufacturing sector Canada it expanded at a softer pace in July than in June, with the S&P Global Manufacturing PMI falling to 52.5 from 54.6. This data was lower than market expectations of 55.7. […]
Canada: Annual inflation climbs to 8.1% in June, below the 8.4% expected
Inflation continued to rise in Canada in June, although less than expected. IPC rises 0.7% in June against 0.9% market consensus. The loonie backed off modestly after the data. The Consumer’s price index (IPC) rose 0.7% in June, while the market consensus was 0.9%. This implies a slowdown from the 1.4% increase in May. The […]
USD/CAD Price Analysis: Fighting near two-week lows/50 DMA ahead of Canadian CPI
USD/CAD is languishing near a two-week low amid prevailing dollar selling bias. Lower oil prices could undermine the loonie and help limit the slide. Investors await the Canadian CPI report before making further directional bets. The pair USD/CAD fell for the fourth day in a row on Wednesday and was last seen near a two-week […]
Kommersant: Canada sent Nord Stream turbine to Germany on July 17
Canada sent a turbine for the Russian-German Nord Stream gas pipeline to Germany by air on July 17 after undergoing repair work, Kommersant newspaper reported on Monday, citing people with knowledge of the situation. It will take another five to seven days for the turbine to reach Russia, if there are no other issues with […]
Zelensky ‘sings’ Trudeau over Canadian decision on Nord Stream turbines
Ukrainian President Volodymyr Zelensky warned Canadian Prime Minister Justin Trudeau in a phone call on Sunday that Ukrainians will never accept Canada’s decision to return turbines to Germany “in violation of sanctions” against Russia. It was the first communication between the two leaders since Canada’s decision last week to allow the return of repaired turbines […]