Canada to release retail sales today, GDP on Friday US GDP expected to confirm estimate 5.2% gain The Canadian dollar is slightly higher on Thursday. In t
The USD/CAD is getting pushed lower as broader markets see a healthy risk bid that is forcing down the US Dollar (USD) and a bump in Crude Oil bids is propping up the Canadian Dollar (CAD) while the Bank of Canada (BoC) sees lower odds of inflation risks making a reappearance.
The Canadian Dollar (CAD) is catching a limited bid on Tuesday following a better-than-expected Canadian Consumer Price Index (CPI) inflation print, dragging the CAD into the green against the US Dollar (USD), but limited data impact sees the CAD still down against the majority of major currency peers for the day.
The Canadian Dollar (CAD) is pulling back in the bids to kick off the last two weeks of trading in 2023, with a final print of StatsCAN’s Canadian Consumer Price Index (CPI) inflation on the docket for Tuesday.