Category: CAD News

Canadian Dollar News and Analysis from varies Financial media, we summarize all CAD news into a sitemap summary with link to related CAD News for the one who wanted to catch up Canadian Dollar price change in timely manner.

Trustee of Collapsed Exchange Moves to Resolve Crypto vs. Fiat Creditor Claims Tussle

Ernst and Young (EY), the bankruptcy trustee for the defunct exchange QuadrigaCX, is trying to resolve a dispute over how to value the firm’s cryptocurrency assets before disbursement to creditors.EY will head to court on Jan. 26 to argue the valuation date for cryptocurrency claims should be considered from the date of the exchange’s bankruptcy on April 15, 2019. The firm is taking a different stance from affected...

Biden’s Keystone canning came more rapidly than expected, Trudeau flailing

You'll recall the news from Monday on Keystone:"The Canadian dollar is indicating some disappointment on the Keystone XL front," said Adam Button, chief currency analyst at ForexLive.    "Few market watchers were expecting the pipeline to be approved but that it will be axed so quickly indicates that Trudeau doesn't have much sway with Biden."CAD has chilled out a little since I posted the breaking news (red arrow in...

ForexLive Americas FX news wrap: Cable bounces back

Forex news for New York trade on January 18, 2021:Markets:Gold up $13 to $1841Canada's TSX Comp +0.2%WTI crude oil down 27-cents to $52.09JPY leads, NZD lagsIt was a holiday in the US so that kept somewhat of a lid on the market. The trend in North American trade was a recovery in GBP and CAD after earlier losses.The loonie had fallen on reports saying Biden will pull the...

Canadian Dollar (USD/CAD) Price Forecast: Loonie gives back gains ahead of BoC Decision

USD/CAD Price Setup:The Canadian Dollar continues to trade within a well-defined range ahead of the Bank of Canada (BoC) interest rate decision on Wednesday. Despite recording a 7.2% increase in home sales for December 2020, the Loonie continues to take strain as an increase in Covid-19 related cases has resulted in fresh lockdown measures, hindering prospects of a swift economic recovery.Although USD weakness helped buoy the demand for...

TD trade of the week: Buy USD/CAD

Canadian bank with a Canadian dollar trade ideaConsider buying USD/CAD this week, advises TD Research in its weekly FX pick.They recommend buying at current levels (1.2763) with a target of 1.3000 and a stop at 1.2625."Dovish BOC risks fit into our framework that CAD and other risks assets have overpriced the still-evolving growth narrative... The implication is another retest around 1.30," they note. For bank trade ideas, check...

USD/CAD Daily Forecast – Resistance At 1.2800 Stays Strong

USD/CAD Video 18.01.21. U.S. Dollar Is Gaining Some Ground Against Canadian Dollar USD/CAD has recently made an attempt to settle above 1.2800 but pulled back closer to the support level at 1.2750 while the U.S. dollar was mostly flat against a broad basket of currencies. The U.S. Dollar Index tried to settle above the resistance at the 50 EMA at 90.95 but failed to develop sufficient upside momentum...

S&P/TSX composite up in early trading to start the week, loonie trades lower

Article contentTORONTO — A broad-based rally helped Canada’s main stock index climb higher in early trading to start the week as the loonie moved lower.The S&P/TSX composite index was up 29.21 points at 17,938.24.U.S. stock markets are closed for Martin Luther King Jr. Day.The Canadian dollar traded for 78.29 cents US compared with 78.57 cents US on Friday.The March crude oil contract was down 13 cents at US$52.29...

Markets Week Ahead: Russell 2000, S&P 500, Gold, USD, Biden Stimulus, Earnings, ECB

Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Get My Guide Equities mostly fell this past week with a few key exceptions. On Wall Street, the S&P 500 sank over 1% while small-cap stocks outperformed the broader market as the Russell 2000 soared about 2%. In Europe, the DAX 30 and FTSE 100 declined 1.9% and 2.0% respectively. Meanwhile in the APAC region, the Nikkei 225 and...

Personas Sales Increase 63% Between Q4 2020 Compared to Q4 2019

Article content continuedOf note, the Company recently changed its fiscal year from February 28 to December 31. Accordingly, the information presented in the discussions below relate to a comparison of the corresponding calendar periods in 2019 and earlier vs. the Company’s fiscal periods for 2019 and so the figures presented will not tie directly to the Company’s historical financial statements that have been filed on www.sedar.com.Comments on Operational...

USD/CAD Daily Forecast – Support At 1.2625 In Sight

USD/CAD Video 14.01.21. Canadian Dollar Gains Ground Against U.S. Dollar USD/CAD managed to get below the support at 1.2665 and is moving towards the next support level at 1.2625 while the U.S. dollar is losing ground against a broad basket of currencies. The U.S. Dollar Index has recently made an attempt to settle above the resistance at 90.50 but failed to develop sufficient upside momentum and declined closer to...

Canadian dollar beats G10 peers as U.S. bond yields fall

Article contentTORONTO — The Canadian dollar edged higheragainst its U.S. counterpart on Wednesday as a drop in U.S.Treasury yields capped broader gains for the greenback and WallStreet neared a record high, with the loonie reversing itsearlier decline.The loonie strengthened 0.1% to 1.2700 per greenback,or 78.74 U.S. cents, having traded in a range of 1.2680 to1.2746. It was the only G10 currency to advance against the U.S.dollar .The loonie...

USD/CAD Daily Forecast – U.S. Dollar Failed To Move Higher

USD/CAD Video 13.01.21. Canadian Dollar Is Mostly Flat Against U.S. Dollar USD/CAD  is currently testing the nearest support level at 1.2720 while the U.S. dollar is gaining ground against a broad basket of currencies. The U.S. Dollar Index managed to get back above the 20 EMA at 90.20 and is trying to develop additional upside momentum. The next resistance level for the U.S. Dollar Index is located at...
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