Trade deficit expands to $1.4 billion in March vs. $2 billion expected
Fundamental Forex Analysis

Raw Materials Price Index surges by 16.4% in May

Raw Materials Price Index in Canada rose more than expected in May. USD/CAD trades with modest daily losses near 1.3670.  “Prices for raw materials purchased by manufacturers operating in Canada, as meas...

Manufacturing PMI improves to 40.6 in May from 33 in April
Fundamental Forex Analysis

Retail Sales plunged by 26.4% in April vs. 15.1% expected

Retail Sales in Canada fell more than expected in April. Advance estimates point to a sharp rebound in May. The data published by Statistics Canada revealed on Friday that Retail Sales in Canada declined by 26...

Employment increased by 290K in May, Unemployment Rate edged higher to 13.7%
Fundamental Forex Analysis

ADP Employment Change surges to 208.4K in May vs. -280.3K expected

ADP Employment Change in Canada rebounds sharply in May. USD/CAD pair stays flat on the day above mid-1.3500s after the data. Employment in Canada increased by 208,400 from April to May, the monthly data publi...

Manufacturing Sales plunged by 28.5% in April
Fundamental Forex Analysis

Manufacturing Sales plunged by 28.5% in April

Manufacturing Sales in Canada declined more than expected in April. USD/CAD clings to strong gaily gains around 1.3640 after the data. Manufacturing Sales in Canada declined by a record 28.5% on a monthly basi...

Real GDP expanded by 0.1% in January as 0.1% expected
Fundamental Forex Analysis

Housing starts rise above expectations but the trend is not particularly comforting – NFB

Data released on Monday, showed that Housing Starts in Canada rose to an annual rate of 193.5K in May, above the 150K expected. However, Kyle Dahms, analyst at the National Bank of Canada, points out that they ...

Employment increased by 290K in May, Unemployment Rate edged higher to 13.7%
Fundamental Forex Analysis

Employment increased by 290K in May, Unemployment Rate edged higher to 13.7%

Employment in Canada unexpectedly increased by 290K in May. USD/CAD fell toward 1.3400 with the CAD gathering strength on upbeat data. Employment in Canada rose by 290,000 in May, the data published by Statist...

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Fundamental Forex Analysis

International trade deficit widened to $3.3 billion in April

Canada’s International Merchandise Trade fell to -$3.3 billion in April. Disappointing trade data weighs on loonie in early American session. Canada’s international merchandise trade deficit widene...

Manufacturing PMI improves to 40.6 in May from 33 in April
Fundamental Forex Analysis

Manufacturing PMI improves to 40.6 in May from 33 in April

Markit Manufacturing PMI in Canada recovered in May, stayed below 50. USD/CAD continues to edge lower toward 1.3700 after the data. The economic activity in the Canadian manufacturing sector continued to contr...

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Fundamental Forex Analysis

When is the Canadian GDP report and how could it affect USD/CAD?

Canadian GDP overview Friday’s economic docket highlights the release of monthly Canadian GDP growth figures for March, scheduled to be published at 12:30 GMT. Statistics Canada will also release the annu...

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Fundamental Forex Analysis

ADP Employment Change was -226,700 in April

ADP Employment Change slumped to -226.7K in April in Canada. USD/CAD pair edged lower toward 1.3900 after the data. Employment in Canada decreased by 226,700 jobs from March to April, the monthly data publishe...