Tag: CAD

Dollar Higher After Fed Hike and Dovish ECB

The US dollar gained against all major pairs this week. A hawkish Fed and a dovish European Central Bank (ECB) gave the edge to the American currency. Donald Trump scored diplomacy points in Singapore by meeting with North Korean leader Kim. Trade war fears were once again at the forefront as the Trump administration announced […]

Trump sets $50B in China tariffs with Beijing ready to strike back

U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world’s two largest economies. Trump, whose hardline stance on trade has seen him wrangle with allies, said in a statement […]

Canada: Monthly Survey of Manufacturing, April 2018

Manufacturing sales fell 1.3% to $56.2 billion in April, following two consecutive monthly increases. Sales were down in 10 of 21 industries, representing 49.6% of the manufacturing sector. Sales in the petroleum and coal products and transportation equipment industries accounted for much of the decrease in April. Excluding these two industries, manufacturing sales rose 0.4%. […]

USD/CAD – Canadian dollar slides to 1-year low as Trump Prepares China Tariffs

The Canadian dollar continues to lose ground in the Friday session, after strong gains on Thursday. Currently, USD/CAD is trading at 1.3129, up 0.18% on the day. Earlier in the day, the Canadian currency dropped to its lowest level since June 2017. On the release front, Canadian Manufacturing Sales is expected to fall to 0.6%. […]

Dollar is King, but trade tensions cap risk appetite

Friday June 15: Five things the markets are talking about This was always going to be a big week for capital markets and it has not disappointed. Bond prices continue to rally and global equities trade under pressure as Sino-U.S trade tensions threaten to escalate, while capital markets weigh diverging monetary policies from the European […]

Canadian Foreign Minister Says US Has Agreed to Continue NAFTA Talks

Canada agreed with the United States on Thursday that slow-moving talks to update NAFTA should continue although they did not set a date for the next round, a senior official said in remarks casting further doubt on the chances of a deal this year. Negotiations to modernize the North American Free Trade Agreement started last […]

Italian Agriculture Minister Says Country Could Block EU Canada Trade Deal

Italy’s agriculture minister suggested the country will not ratify a free trade agreement between the EU and Canada, saying that it doesn’t do enough to protect the nation’s specialty products. “We will not ratify the free-trade treaty with Canada because it protects only a small part of our PDO (Protected Designation of Origin) and PGI […]

ECB – Monetary policy summary June 2018

Main refinancing rate 0.00% Marginal lending facility 0.25% Deposit facility -0.40% Monthly asset purchases €30 billion QE to end by the end of December Asset purchases expected to be tapered to €15 billion from Oct to Dec Decision on asset purchases still depends on incoming data ECB to keep rates unchanged at least until summer […]

Hawkish Fed Boosts US Dollar But Tariffs Bring Currency Down to Earth

The US dollar is lower against major pairs after the U.S. Federal Reserve raised the benchmark Fed funds rate by 25 basis points on Wednesday. The move was heavily anticipated by the market, but the strong pace of the US economy could mean more rate hikes. The latest projections from the US central bank now […]

Trump Blames OPEC for High Oil Prices

U.S. President Donald Trump and Iran exchanged sharp words over oil prices on Wednesday, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after he withdrew last month from a global nuclear arms deal with Iran. Trump sparked the latest back-and-forth when he renewed his attack on OPEC in […]