The Canadian Dollar was impacted from different factors which pulled it in different directions. Crude Oil prices surged higher by over 1.5 percent, on Tuesday, sending the Canadian Dollar higher. The weakness of the US …
The Canadian Dollar was impacted from different factors which pulled it in different directions. Crude Oil prices surged higher by over 1.5 percent, on Tuesday, sending the Canadian Dollar higher.
The weakness of the US Dollar in global market in the wake of a sell-off in the bond markets also weighed in on the Canadian Dollar. The Canadian Government raised C$755.4 million in a spectrum auction which is set to boost telecom coverage in rural areas.
The strength of the Canadian Dollar in recent weeks has unnerved speculators, which is reflected in data from CFTC which showed speculators cutting their short Canadian Dollar positions by half to $835 million.
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…
