Week ahead Canada macro digest – TD Securities

"Wholesale and retail sales are released on Tuesday and Wednesday and will give the final read on activity data ahead of Q2 GDP," TD Securities point out. Key quotes "We will also hear from Bank of Canada Deputy Governor Wilkins, who is participating in a panel discussion i ...

USD/CAD appears neutral for the time being – Scotiabank

FX Strategists at Scotiabank noted the pair’s short-term stance stays tilted towards the neutral side. Key Quotes “The outlook for relative central bank policy remains supportive as market participants consider Friday’s stronger than expected CPI data and its implications for th ...

USD/CAD tumbles to lows, below 1.3100 handle post-Canadian CPI

   •  Hotter-than-expected Canadian CPI prompts some aggressive selling.    •  Weaker USD/positive crude oil prices add to the bearish pressure. The USD/CAD pair retreated from over three-week tops and tumbled to an intraday low level of 1.3069 following th ...

When is Canadian CPI and how could it affect USD/CAD?

Canadian CPI Overview Friday's economic docket highlights the release of Canadian consumer inflation figures for the month of July, scheduled to be published at 1230 GMT. Consensus estimates anticipate headline CPI to hold steady at 2.5% y/y in July, with the core Bank of Canada measure see ...

USD/CAD to trend lower in medium term – Westpac

According to Richard Franulovich, Head of FX Strategy at Westpac, CAD is a casualty like AUD of rising EM risks via weaker global growth and lower terms of trade but a solid domestic growth story insulates the currency. Key Quotes “Currency markets appear to appreciate that with CAD ...

USD/CAD spikes above 1.3170 on renewed USD strength

DXY recovers daily losses on latest Turkey headlines. WTI looks to settle with modest gains below mid-$65s. The USD/CAD pair advanced to a fresh daily high at 1.3175 as the greenback gained traction after the U.S. Treasury Secretary Steven Mnuchin in a White House cabinet meeting said that the ...