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Tag: loonie

Canada: Wholesale trade, August 2018

Wholesale sales edged down 0.1% to $63.6 billion in August. Sales were down in four of seven subsectors, representing 65% of total wholesale sales. The building material and supplies and the motor vehicle and parts subsectors led the declines in August, while the machinery, equipment and supplies subsector posted the largest gain. In volume terms, […]

CAD plummets on disappointing retail sales and weak inflation

Canadian inflation slowed significantly last month as temporary factors that lifted the cost of gas and air travel dissipated. Canada’s CPI climbed +2.2% y/y, following a +2.8% increase in August and a +3% climb in July. The market was looking for a solid +2.7% gain in September. On a month-over-month basis, CPI declined -0.4%. Digging […]

Canadian housing agency says it can withstand market shocks

Canada’s federal housing agency said on Tuesday it is well capitalized and able to weather severe but unlikely scenarios including a global trade war and repeated cyberattacks on Canadian financial institutions. The Canada Mortgage and Housing Corporation (CMHC), responsible for insuring the bulk of Canadian mortgages issued by banks and other big lenders, uses annual […]

USD/CAD Canadian Dollar Rises as GDP Data Validates October Rate Hike

The Canadian dollar rose on Friday after the monthly gross domestic product (GDP) beat the forecast with a 0.2 percent gain. The loonie is up almost 1 percent on the final day of the trading week. The currency is still showing a weekly loss against the greenback as NAFTA uncertainty and the U.S. Federal Reserve […]

USD/CAD Canadian Dollar Sensitive to NAFTA Headlines

The Canadian dollar fell after US Trade Representative Lightizer said that time is running out with Canada on NAFTA talks. The US has pressured Canada to join the US-Mexico trade agreement but various deadlines have come and gone with no results. The US wants to get this negotiation wrapped up as soon s possible to […]

Canada: Wholesale trade, July 2018

Wholesale sales rose for the third time in five months, up 1.5% to $63.9 billion in July, more than offsetting the 0.9% decline in June. Sales were up in four of seven subsectors, representing approximately 66% of total wholesale sales. The personal and household goods; food, beverage and tobacco; and motor vehicle and parts subsectors […]

Canada retail sales climb, inflation falls, CAD rallies

Canadian retail sales climbed in July following a decline in June, led by demand for food and higher gas prices. Stats Canada said retail sales rose +0.3% in July to a seasonally adjusted C$50.9B. Note: In June, retail sales fell by a revised -0.1%. Ex-autos, July sales rose by a robust +0.9%, despite a decline […]

NAFTA Deal Close But Doubts Remain OANDA Market Beat

OANDA Senior Market Analyst Alfonso Esparza reviews the major upcoming market news, macro analysis and economic indicator releases that will impact currencies, stocks other asset classes. Subscription available on iTunes and GooglePlay Tune in every Tuesday and don’t miss a beat as we cover the hottest trends impacting the markets in the week […]

Loonie hanging tough against the crosses, forget USD/CAD

CAD ‘bulls’ are looking to the crosses for some early week wins, especially GBP (£1.6766) and EUR (€1.4980) and will avoid the pain of the long dollar positions in this ‘risk off’ emerging market debacle. Demand for the U.S dollar does not look like slowing down any time soon and with three-month U.S T-Bills at […]

USD/CAD plummets on Canadian jobs report

Canadian jobs market is on fire By the numbers: Canada Jul Net Jobs +54,100 From Jun Canada Jul Net Jobs Forecast At +17,000 Canada Jul Full-Time Jobs -28,000; Part-Time +82,000 Canada Jul Jobless Rate 5.8%; Jun 6.0% Canada Jul Jobless Rate Forecast At 5.9% Canada Jul Avg Hourly Wages +3.2% From Year Ago Canada Labor […]