Bank of Canada – TOP DAILY NEWS

Jan102025 by adminNo Comments

USD/CAD extends winning streak ahead of US-Canada labor market information

Business

USD/CAD edges greater somewhat above 1.4400 with US-Canada work information in focus. The unpredictability over Trump's policies continues to keep the USD on the frontfoot. The labor development in Canada is approximated to have actually slowed considerably in December. The USD/CAD set extends its gaining spree for the 4th trading session on Friday ahead of the main work of the United States (United States) and Canada for December. The Loonie set ticks greater a little above 1.4400 as the United States Dollar (USD) edges up, with the United States Dollar Index (DXY) remaining above the crucial assistance of 109.00. The total efficiency of the United States Dollar has actually stayed company for a couple of weeks as Federal Reserve (Fed) authorities have actually ended up being worri...

Canadian Dollar continues its lukewarm position on Friday

Business

The Canadian Dollar evaluated back into current lows and had a hard time to discover gains. Canada's financial information docket stays exceptionally thin in the near term. Policy rate divergence is set to be the Loonie's main motorist heading into 2025. The Canadian Dollar (CAD) continued its soft position on Friday, reducing into familiar near-term lows and shedding one-quarter of one percent versus the United States Dollar. The Loonie is getting in a lull duration with functionally no releases on the information docket in the instant future, leaving CAD traders to fight it out near multi-year lows. Following the midweek market closure for the Christmas vacation, a soft-footed market footprint stays ahead of the New Year's midweek vacation next Wednesday. Daily absorb market move...

Canada’s Economy Is Picking Up Steam Lifted By Oil & Gas Extraction

General

By Alex Kimani - Dec 23, 2024, 5:00 PM CST The Canadian economy saw low development of 0.3 percent in October. Oil and gas extraction, mining and quarrying increased 2.4 percent in October. The hazards of tariffs under a 2nd Trump administration have actually not discouraged Canadian oil and gas majors from preparing strategies to drill much more. The Canadian economy grew 0.3 percent in October, assisted by strength in oil and gas extraction, mining and quarrying, Statistics Canada has actually exposed in its regular monthly GDP release. Oil and gas extraction, mining and quarrying increased 2.4 percent in October w...