Canada unexpectedly lost 42,000 jobs in August against expectations of a 15,000 gain, sending USDCAD higher to 1.3834. Meanwhile, stronger US jobs growth and Middle East supply concerns supported cru…
BMO reports Canadian long provincial bond returns softened in August as yields rose broadly. The Bank of Canada kept policy rates unchanged, expected to hold through 2026 amid trade risks, while high…
Canada's provincial fiscal outlook improved with the combined deficit projected at CA$35.6 billion, aided by Alberta's turnaround to a CA$2 billion surplus on higher oil prices, according to BMO. The…
The Canadian dollar dropped toward 1.39 per USD after Canada unexpectedly shed 41,700 jobs in August, while US nonfarm payrolls surged far above forecasts. The stark divergence supports a more dovish…
The TSX rallied 1.5% driven by tech gains, overcoming a sharp drop in Canada's trade surplus. Gold surged 2.5%, while crude oil edged higher amid US-Iran tensions. The US dollar fell 0.4% against the…
Forex technical analysis highlights pre-NFP trading setups across major currency pairs. The analyst looks to short EUR/USD near 1.1640 resistance on exhaustion, while targeting short-term bounce entr…
The US trade deficit widened 24.4% to $88.6 billion in July, driven by surging AI semiconductor imports. Looming semiconductor tariffs, expanding trade disputes with Canada and key Asian partners, an…
Canada's merchandise trade surplus narrowed sharply to C$769 million in July, missing the C$3.18 billion consensus estimate. The compression resulted from a 2.3% drop in exports, driven by lower ener…
Shell has completed its $16.5 billion acquisition of Canadian producer ARC Resources, securing 370,000 boepd of production and 1.5 million net acres in the Montney basin. The transaction significantl…
The Bank of Canada held interest rates at 2.25% with a slightly hawkish tone, strengthening the Canadian dollar against the USD. Meanwhile, WTI, Brent, and gold rose amid geopolitical tensions betwee…
TD Bank posted strong quarterly results with adjusted net income rising 21% year-over-year to $4.7 billion across all divisions. However, management flagged ongoing US anti-money laundering remediati…
The Canadian dollar strengthened against the USD following hawkish commentary from the Bank of Canada warning of inflation risks. Higher oil prices and rising Canadian government bond yields added fu…
The Bank of Canada held its benchmark interest rate at 2.25% while striking a hawkish tone on inflation. Citing rising upside inflation risks from tariffs and energy markets, Governor Macklem indicat…
The Canadian dollar is demonstrating broad strength in recent market action, with USDCAD dropping 0.31% and GBPCAD falling 0.42%, while the TSX index gains 0.29%.