USD/CAD Canadian Dollar Higher After Strong GDP and Persistent USD Weakness
The Canadian dollar is higher on Wednesday after the economy accelerated its growth in November. Canadian GDP is posted monthly…
Fed Expected to Leave Rates Unchanged in Last Yellen Meeting
The Federal Reserve may sound a bit more hawkish as Fed Chair Janet Yellen’s tenure comes to an end. Yellen…
ADP Jobs Report Beats Expectations Sets Stage for NFP on Friday
The new year got off to a strong start for job creation, with businesses adding 234,000 in January, according to…
US Commerce Secretary Says NAFTA Far from Being Completed
The efforts to renegotiate NAFTA are “far from being completed at this point,” Commerce Secretary Wilbur Ross said on CNBC…
Canadian GDP Rose 0.4 in November
The Canadian economy accelerated in November by the most in six months, with activity broad-based across a number of sectors…
Justin Trudeau Does Not Believe US will pull out of NAFTA
Canadian Prime Minister Justin Trudeau said in an interview he does not think U.S. President Donald Trump will pull out…
US Treasury Secretary Urges Congress to Raise Debt Ceiling
Treasury Secretary Steven Mnuchin on Wednesday called on the Republican-controlled Congress to lift the U.S. debt limit “as soon as…
Dollar Weaker on Shrinking Central Bank Divergence and US Trade Stance
A persistently weak dollar is confounding currency traders and roiling global financial markets. Investors across asset classes are feeling the…
DoubleLine CEO Says Weak USD Good for Commodities
There’s good news ahead for commodities, with a particular bet on metals, as the outlook for the dollar looks to…
Oil Analyst Warns of Speculative Bubble
If the man who called the 2015 crude collapse is right, the oil market could be the next area to…