Daily Forex Commentary

24 February 2017 - Canadian Inflation Rises to 2.1%

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian inflation data released this morning was above expectations with Y/Y CPI at 2.1%, and Y/Y Core sighted at 1.7%. Monthly figures showed CPI ... read more

23 February 2017 - Loonie Rises with Oil

By Calvin Kuk
US Dollar vs Canadian Dollar: No economic data out of Canada today. The focus remains on lackluster Retail Sales that released by Statistics Canada yesterday. The disappointing d... read more

22 February 2017 - Weak Canadian Retail Sales in December

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Retail Sales figures missed consensus with Core Retail Sales m/m posting -0.3% and Retail Sales m/m -0.5% expectations were for 0.8% and 0.... read more

21 February 2017 - Greenback is on the Rise

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie lost ground against the greenback overnight. WTI tested 54.90 as oil bulls pushed prices higher going into International Petroleum week ... read more

17 February 2017 - Oil Retraces with the Loonie

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Foreign Securities Purchase missed expectations of 11.59B and posted purchases of 10.32B. The data was the only North American data releas... read more

16 February 2017 - Loonie Trades on Broader Market Sentiment

By Calvin Kuk
US Dollar vs Canadian Dollar: No economic data to report for Canada today. The Loonie will trade on broader market sentiment and is positioning for further strength in the short ... read more

15 February 2017 - Canadian Manufacturing Sales Rises to 2.3%

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Manufacturing Sales showed real growth with a print of 2.3% while forecasts were for 1.4%. Yellen started her two days of testimony yester... read more

14 February 2017 - Loonie Pushes through 1 Week High

By Calvin Kuk
US Dollar vs Canadian Dollar: No major announcements out of Canada this morning leaving the CAD to tread on broader sentiments. The Canadian Dollar did push through a one week hi... read more

13 February 2017 - Copper Reaching Highest Level since 2014

By Calvin Kuk
US Dollar vs Canadian Dollar: No Economic data to report on for North America today, so we will see the loonie and the greenback trade on the broader market sentiment. Driving t... read more

10 February 2017 - Strong Canadian Employment Figures

By Calvin Kuk
US Dollar vs Canadian Dollar: Statistics Canada this morning released Canadian Employment Change and the Unemployment Rate expectations were for no hires and unemployment to rema... read more

09 February 2017 - Canadian New House Price Index Posted at 0.1

By Calvin Kuk
US Dollar vs Canadian Dollar: Canada Foreign Minister Chrystia Freeland met with US Secretary of State Rex Tillerson yesterday, and the takeaway was Freeland comment that followe... read more

08 February 2017 - Canadian Housing Starts Rise in January

By Calvin Kuk
US Dollar vs Canadian Dollar: An early morning reading on Housing Starts for Canada posted 208K for the rate of growth in housing construction economists were looking for 200K. A... read more

07 February 2017 - USD is on the Run

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Building Permits and Trade Balance data cited at 8:30 am where Permits slipped more than expected to -6.6%, while Trade Balance printed at ... read more

06 February 2017 - Loonie Scales Back

By Calvin Kuk
US Dollar vs Canadian Dollar: This week for Canada key data we have Trade Balance figures are out tomorrow morning at 8:30 am previous was a positive 0.53B and expectations are f... read more

03 February 2017 - US Employment Data Release

By Calvin Kuk
US Dollar vs Canadian Dollar: Jobs day in the US today, NonFarm Payroll data was expected at 170K and posted a whopping 227K. Unemployment Rate was to remain at 4.7% but ticked ... read more

02 February 2017 - Oil and Gold Lifting the CAD

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian Dollar has gained overnight mainly on the price of oil and gold. Oil inventories released yesterday much higher than expected at 6.5M ... read more

01 February 2017 - CAD Trading at 1.3072

By Calvin Kuk
US Dollar vs Canadian Dollar: Bank of Canada Governor Poloz reiterated the difference in policy between the US and Canada, not swaying too much from his current rhetoric of Canad... read more

31 January 2017 - Canadian GDP Grew by 0.4% in November

By Calvin Kuk
US Dollar vs Canadian Dollar: Gold is back over the 1200 level currently trading at 1204.06, a penny shy of eight dollars up on the day. WTI is trading sideways 10cents below its... read more

30 January 2017 - CAD Heading into a High Risk Week

By Calvin Kuk
US Dollar vs Canadian Dollar: Economic Data this week is heavy starting with PCE Core Price Index, personal spending figures from the US, which were stable at 1.7% reflecting con... read more

27 January 2017 - CAD Slips Lower

By Calvin Kuk
US Dollar vs Canadian Dollar: Economic data today is US centric with GDP Annualized expected at 2.2% missed at 1.9%, but with the Trump era and the new administration''s mandate ... read more

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