Canada's loonie traded just off its strongest in three weeks against the greenback. A better week so far for oil and further struggles for the U.S. currency have helped move the loonie into a stronger trading range. With…
Canada's loonie traded just off its strongest in three weeks against the greenback. A better week so far for oil and further struggles for the U.S. currency have helped move the loonie into a stronger trading range.
With little Canadian data to consider this week, all the attention on the greenback and oil can mask the loonie's shaky fundamentals and sources of weakness such as elevated unemployment at 6.8% and lackluster consumer spending, factors that keep the risk of a BOC rate cut alive.
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…
