CAD

USDCAD trades modestly lower after the BOC 25 basis point cut

• "Reasonable to expect further rate cuts"

Full statement from the Bank of Canada: Rates lowered by 25 bps to 4.25%

• Bank of Canada interest-rate decision for September 4, 2024

Bank of Canada interest rate decision: Rates lowered by 25 basis points

• Highlights of the Bank of Canada interest rate decision on September 4, 2024

Canada July trade balance +0.68B vs +0.80B expected

• Canadian July 2024 trade balance data

BofA: USD/CAD Outlook Ahead of September BoC Meeting

Canadian S&P global manufacturing PMI for August 49.5 versus 47.8 last month

• Canadian S&P global manufacturing PMI for August 2024

USDCAD Technical Analysis – The greenback gets some relief

• The USDCAD pair is pulling back after an overextended move lower. What’s next?

China to launch anti-dumping investigation into Canadian chemical products

• This comes after Canada imposed 100% tariffs on China EVs last week

Market Outlook for the Week of 2nd - 6th September

• The highlights of the week include the BoC monetary policy announcement and labor market data for the U.S. and Canada

Newsquawk Week Ahead: US NFP & ISMs; BoC, Canada jobs; Australian GDP; Swiss CPI

• Next week highlights include the US Nonfarm Payrolls report as well as the Manufacturing and Services ISM PMI data. In Canada, the BoC rate decision will be eyed ahead of the next jobs report. Elsewhere, Australian GDP and Swiss CPI will be in focus. Note, US is away for Labor Day on Monday.

Canadian GDP beat for all the wrong reasons. The market sees a chance of 50 bps next week

• The Bank of Canada decision is Wednesday

Canada Q2 GDP +2.1% q/q annualized vs +1.6% expected

• Canada June monthly GDP data and the Q2 reading

SocGen: CAD short covering far from over

• SocGen on the Canadian dollar

Canada Q2 current account -8.48 billion vs -5.85 billion

• Canadian second quarter current account data

The selling and trending in the USDCAD continues. What next?

• If you are tempted to buy, make sure you have a stop as trends are fast, directional and tend to go farther than what traders expect