Quotes from Western Union:- The biggest plunge in local retail spending in years weighed on the loonie and had it pennies away from recent six-year lows. Lower gas prices were mostly behind the 2 percent tumble in Canadi…
- The biggest plunge in local retail spending in years weighed on the loonie and had it pennies away from recent six-year lows. Lower gas prices were mostly behind the 2 percent tumble in Canadian retail sales in December which marked the largest fall since April 2010.
- The disappointing outcome will add more fuel to expectations the Bank of Canada may soon cut borrowing rates further to shore up the commodity-dependent economy.
- The weaker loonie makes for a more affordable market for CAD buyers. U.S. importers find an even better deal on forwards which are priced at a discount since Canada's base rate at 0.75 percent is above comparable U.S. rates near zero.
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…
