Tag: LOONIE
Strong Loonie on data, ignoring BoC easing bias
The Canadian Dollar and other dollar bloc currencies are outperforming amid the return of risk appetite in markets. Oil prices rallied by nearly 1%,...
Receding concerns about COVID-19 boosted Oil and CAD prices
A risk-on backdrop, amid receding concerns about the coronavirus outbreak, has boosted the Dollar bloc currencies and Oil prices, which is a particular boon...
BoC and Fed both on Wednesday
The Bank of Canada (BoC) is expected to hold rates at the current 1.75% setting on Wednesday. Recent upbeat economic data has sharply curtailed...
BoC and Loonie Crosses
Bank of Canada's announcement is expected to result in no change in rates and a repeat of the data-driven mantra. Given that recent data...
AUDCAD: 9-year low ready to host the pair?
The Dollar has held net steady versus the Euro and Yen, paring intraday losses in the case against the latter, while AUDCAD dropped quite...
Loonie above 1.3500 on BoC’s statement
Bank of Canada pushed aside its rate hike desires as the economy slows, with the dropping of the tightening bias matching expectations.
The policy...
