TAG CAD

US Growth in Q3 to Guide Dollar

The US dollar is mixed on Friday. Investor’s appetite for risk rose and safe haven currencies (JPY and CHF) fell while positive China and Brexit news saw the NZD, EUR, GBP and AUD advance against the USD. The Canadian dollar was dragged down in the last trading day of the week after softer than expected…

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Dollar Higher Amid Uncertainty and Fed Comments

The US dollar is higher against most major pairs on Thursday. The greenback is only down against the Japanese Yen which rose 0.42 percent. Geopolitics and a strong dollar combined to keep stock markets under pressure. The investigation on the disappearance of journalist Jamal Khashoggi, US-China concerns, Brexit, Italian budget comments and the aftermath of…

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ADP Canada: Employment increased in September

Employment in Canada increased by 28,800 jobs from August to September according to the September ADP® Canada National Employment Report. Broadly distributed to the public each month, free of charge, the ADP Canada National Employment Report is produced by the ADP Research Institute®. The report, which is derived from actual ADP payroll data, measures the…

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Crude Oil Drops after Surprise US Weekly Buildup

Oil prices fell on Wednesday after the release of the US weekly crude inventories. The report by the Energy Information Administration (EIA) showed a larger than expected buildup of 6.5 million barrels, when the forecast called for a small drawdown of 1.5 million barrels. Yesterday the API oil inventory report came in with a -2.1…

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U.S. Treasury said to release currency policy report today

The U.S. Treasury Department is poised to release its much-awaited foreign-exchange policy report to Congress on Wednesday afternoon, according to an administration official. The semi-annual review of currency regimes of the U.S.’s 12 major trade partners and Switzerland will be released on Treasury’s website late in the day in Washington, the official said, declining to…

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Canada: Monthly Survey of Manufacturing, August 2018

Manufacturing sales fell 0.4% to $58.6 billion in August, following three consecutive monthly increases. The decline was mainly due to lower motor vehicle sales. Excluding this industry, manufacturing sales rose 0.4% in August. After taking price changes into account, the volume of sales in the manufacturing sector edged down 0.3% in August. Motor vehicle industry…

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U.S. Housing Starts Fell in September Amid Hurricane Florence

U.S. new-home construction fell in September on a decline in the South that may reflect disruptions from Hurricane Florence, government figures showed Wednesday. Highlights of Housing Starts (September) Residential starts dropped 5.3% to 1.201m annualized rate (est. 1.21m) after downwardly revised 1.268m pace in prior month Multifamily home starts fell 15.2%; single-family declined 0.9% Permits,…

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