Western Union notes in a report on Wednesday: Greenback strength and expectations for a soggy local jobs report Friday weighed on the loonie which hit five-week lows around C$1.27, putting it at risk of returning to rece…
Greenback strength and expectations for a soggy local jobs report Friday weighed on the loonie which hit five-week lows around C$1.27, putting it at risk of returning to recent six-year lows around C$1.28.
The loonie had tentatively found some footing recently after the Bank of Canada held fire on a rate cut this month.
A weak jobs report Friday could renew pressure on the bank to cut rates. Forecasts call for Canadian hiring to fall by 5,000 in February which is seen lifting unemployment by a tick to 6.7 percent.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
