Western Union notes: The loonie's rise this week to one-month highs had more to do with the weaker dollar south of the border than Canada's own economic merit. The loonie lost ground after core inflation slowed a tick to…
The loonie's rise this week to one-month highs had more to do with the weaker dollar south of the border than Canada's own economic merit.
The loonie lost ground after core inflation slowed a tick to 2.2 percent annually in May while the big negative came from a surprise 0.1 percent fall in retail sales in April. Oil also weakened below $60, weighing on the commodity currency.
A lack of much Canadian data over the coming week should see the loonie take its main cues from drivers outside its borders. Any worsening in the Greek debt crisis would augur volatility for risk sensitive currencies such as Canada's.
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…
