The Canadian Real Estate Association says seasonally adjusted home sales were down 3.3 per cent on a month-over-month basis in November. The association said Thursday the move lower more than erased the gain seen in October and resumed the overall trend lower for the year. CREA said about 60 per cent of all local markets … Read more
The Canadian dollar CADUSD weakened to a six-day low against its US counterpart on Monday, as investors worried that signs of US economic resilience would extend the length of the Federal Reserve’s campaign to raise interest rates. The loonie was trading 1% lower at 1.3601 to the greenback, or 73.52 US cents, its weakest level … Read more
The Canadian dollar CADUSD rose against its US counterpart on Tuesday as investor risk appetite picked up and preliminary domestic data showed retail sales climbing in October, while investors awaited comments by a senior Bank of Canada policy-maker. Canadian retail sales fell by 0.5 per cent in September from August, matching estimates, weighted by lower … Read more
The Canadian dollar CADUSD strengthened against its US counterpart on Friday, adding to this week’s gains, after suspected Bank of Japan intervention and as investors weighed prospects of the US Federal Reserve dialing back the pace of interest rate hikes. The Canadian dollar was up 0.7% at 1.3670 to the greenback, or 73.15 US cents, … Read more
The Canadian dollar CADUSD weakened against its US counterpart on Wednesday as investor sentiment soured, but the currency’s decline was capped as hot domestic inflation data led to raised bets on another jumbo interest rate hike by the Bank of Canada. Canada’s annual inflation rate inched down to 6.9 per cent in September, Statistics Canada … Read more
The Canadian dollar CADUSD weakened to its lowest level in more than two years against its US counterpart on Thursday and bond yields jumped as hotter-than-expected US inflation data bolstered bets for additional tightening by the Federal Reserve. Stocks globally fell as US consumer prices increased 8.2 per cent in September and underlying inflation pressures … Read more
People shop for produce and seafood at the Granville Island Market in Vancouver on July 20, 2022.DARRYL DYCK/The Canadian Press The International Monetary Fund said it expects “substantial further cooling” of the Canadian economy, and advised the federal government and provincial governments to refrain from spending windfall revenues as the country teeters on the edge … Read more
The Canadian dollar CADUSD was little changed against its US counterpart on Tuesday but holding near its weakest level in more than two years as investor sentiment remained fragile ahead of a key US inflation reading this week. The loonie was trading nearly unchanged at 1.3780 to the greenback, or 72.57 US cents, after touching … Read more
The commodity-linked Canadian dollar CADUSD weakened against its US counterpart on Wednesday as the greenback broadly climbed and domestic data showed exports falling in August, with the loonie losing ground despite higher oil prices. The Canadian dollar was down 0.7% at 1.36 to the greenback, or 73.53 US cents, after trading in a range of … Read more
The Canadian dollar CADUSD strengthened against its US counterpart on Tuesday, adding to sharp gains the day before, as the possibility of central banks shifting away from aggressive tightening led to profit-taking in the high-flying greenback. The loonie was trading 0.8% higher at 1.3610 to the greenback, or 74.02 US cents, after touching its strongest … Read more
