Canadian Economy

The Canadian Dollar was sold after inflation proved softer than markets were expecting in September.

The Canadian Dollar fell following a below-consensus labour market report that keeps alive the prosepct of the Bank of Canada stepping up the pace of its rate cutting cycle with a 50 basis points chop.

CAD is the best-performing G10 currency on the day it is reported the Canadian economy grew at an annualised rate of 2.1% in Q2, which is above the 1.8% rate expected by the consensus of economists and the Bank of Canada's forecast for 1.5%.

The Canadian Dollar dropped in value against all its peers after new data showed a continued cooling in Canadian inflation, raising the odds of further Bank of Canada rate cuts in the coming months.

The Canadian Dollar is one of the better-performing G10 currencies following the release of Canadian inflation figures, which question the appropriateness of another Bank of Canada interest rate cut as soon as the July meeting.

The Canadian Dollar jumped after Canadian inflation unexpectedly rose in May and prompted investors to question whether the Bank of Canada could cut interest rates any further.

The Canadian Dollar was sold after Canadian inflation data printed softer than expected and raised the odds of a June rate cut at the bank of Canada.

The Canadian Dollar was sold across the board as fissures in Canada's jobs market opened, leading to increased bets the Bank of Canada can no longer afford to delay cutting interest rates.

The Canadian Dollar fell after it was reported Canadian inflation was softer than markets were expecting in February, opening the door to Bank of Canada rate cuts.

The Canadian Dollar was boosted across the board by a set of better-than-expected economic growth figures; however, gains will be constrained by the details of the report that showed domestic demand remains in contractionary territory.

The Canadian Dollar looks set to remain under pressure against the U.S. Dollar and other major currencies after economic growth data for September could mean the next move by the Bank of Canada will be a rate cut.

The Canadian Dollar rallied against the Dollar, Pound, Euro and all other G10 currencies after Canada created more than three times the number of jobs in September than the market had expected.

The Canadian Dollar leapt higher on a surprisingly strong set of inflation figures that put the market on watch for another Bank of Canada rate hike, and perhaps more significantly, a global inflationary rebound.

The Pound to Canadian Dollar exchange rate (GBPCAD) rose on news Canada shed jobs in July, but the upside will prove potentially limited due to a bumper increase in wage settlements.

CAD extended a trend of weakness against the majority of its peers after headline Canadian inflation numbers undershot expectations by a sizeable margin, however, a stubborn trimmed mean inflation reading offers some lingering support.

The Canadian Dollar fell widely ahead of the weekend after Statistics Canada disclosed the first outright fall in local employment levels since the last 'lockdown' and what might be a sign of the Loonie's labour market faltering following aggressive increases in the Bank of Canada (BoC) cash rate over the last year. 

The Pound to Canadian Dollar exchange rate slipped further from the week's highs ahead of a long Easter weekend after a robust employment report helped the Loonie to better resist a rebounding U.S. Dollar and to notch up gains over other currencies along the way.

The Pound to Canadian Dollar exchange rate neared February highs after January inflation rates surprised on the downside of market expectations, easing pressure on the Bank of Canada (BoC) while fueling a broad rally in Sterling that could be reviving the GBP/CAD recovery trend. 

The Canadian Dollar clobbered and clubbed all counterparts ahead of the weekend after Statistics Canada announced a significant increase in the labour force for January that was on par with the non-farm payrolls number seen across the border just last week, leading to a slump in GBP/CAD. 

CAD was higher after the Canadian economy snapped a string of negative employment reports in September after it added 21.1K jobs over the month.