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Oil prices dropped over 2% as diplomatic efforts eased Strait of Hormuz supply concerns. Gold also slipped, while the US dollar rose 0.2% against the Canadian dollar to 1.3864, even as Canadian house…
The Canadian dollar edged lower near 1.3808 against the greenback despite crude surging above $100 a barrel amid escalating US-Iran tensions. Gains for the loonie were limited by broader risk aversio…
Scotiabank forecasts the Bank of Canada will hike interest rates by 25 basis points in December. Stronger economic growth, rebounding exports, and firm oil prices reinforce the case for policy tighte…
U.S. imports of Canadian crude reached record levels above 4 million bpd in early 2026, defying tariff headwinds. Strong U.S. Gulf Coast demand for Canadian heavy crude, aided by Enbridge's new Houst…
National Bank projects the Canadian dollar could weaken near term toward 1.40 against the US dollar due to US tariff risks and trade frictions. However, if trade negotiations conclude favorably, the …
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 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 Bank of Canada kept its overnight rate unchanged at 2.25%, citing a solid Q2 economic rebound alongside heightened inflation risks from high oil prices and U.S. tariff uncertainties.
The Canadian dollar gains ground across major pairs, with USDCAD slipping 0.13% and GBPCAD falling 0.20%, supported by a 0.64% rise in the TSX equity benchmark.
Donald Trump dramatically escalated trade tensions with Canada by enforcing 50% tariffs on Canadian imports, threatening 50% auto tariffs, and prompting retaliatory Canadian measures. The deteriorati…
The TSX reached a record high driven by financials and base metals, despite an energy sector slide. Crude oil prices plunged over 3% as Iran sanctions eased supply fears. Gold advanced 0.5%, while Ca…
The Canadian dollar weakened against the greenback as escalating US-Canada trade tensions and retaliatory tariffs threatened Canadian economic growth. Worsening trade relations prompted markets to pr…
Canadian retail sales rose 0.6% to C$74.3bn in June, driven by strong core sales and a 9.9% surge in e-commerce. However, an advance estimate suggests a 0.8% decline in July retail sales.
The Canadian dollar weakened towards 1.37 against the US dollar following the collapse of trade negotiations and the implementation of 50% US tariffs on Canadian goods. Canada planned retaliatory tar…
Commerzbank says CAD's medium-term recovery depends on broad economic strength and US-Canada trade talks, not oil prices. Sustainable growth could prompt BoC rate hikes, supporting CAD longer term.
National Bank of Canada says CAD fundamentals improving (resilient jobs, oil-driven trade surplus) but lacks near-term catalyst due to BoC-Fed rate gap and USMCA uncertainty. Sees USD/CAD easing to 1…
USDCAD traded near 1.41 as falling oil prices and weaker U.S. yields offset Fed rate cut expectations, limiting the loonie’s gains despite broad dollar weakness.
The Canadian dollar weakened versus the U.S. dollar as Canadian 10-year yields fell and U.S. yields stayed higher; USDCAD traded near C$1.3919. U.S. crude slid to $62.37, adding pressure to the oil-l…