Quotes from Western Union:- Canada's loonie flashed some resilience as markets took to rethinking expectations for an imminent cut in area borrowing rates. Comments Tuesday from Canada's central bank governor weren't dee…
- Canada's loonie flashed some resilience as markets took to rethinking expectations for an imminent cut in area borrowing rates. Comments Tuesday from Canada's central bank governor weren't deemed sufficiently dovish to cement a rate cut at officials' coming meeting on March 4.
- Still, gains have proven tough to sustain for the loonie, a currency that has fallen prey to the collapsing oil trade. And lurking right around the bend for the loonie are inflation data on Thursday and fourth quarter growth on the eve of next week's BOC meeting.
- Any fresh signs of weakness north of the border could quickly see the loonie revisit recent lows as it would keep the door ajar to looser policy.
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…
