Western Union:
A smaller but still substantial Canadian trade deficit weighed anew on the loonie which slumped to new session lows.
Canada posted a C$2.97 billion trade gap in April as imports jumped 2.5 percent and exports fell 0.7 percent. That was down from a C$3.85 shortfall in March but above forecasts to narrow to C$2.1 billion.
The data was the latest to suggest Canada's economy continued to struggle to gain traction, keeping the door unlocked to further rate cuts.
Commentary
CAD review
Western Union:A smaller but still substantial Canadian trade deficit weighed anew on the loonie which slumped to new session lows. Canada posted a C$2.97 billion trade gap in April as imports jumped 2.5 percent and expor…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
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…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
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…
U.S. personal income and spending rose less than expected in August
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…
