TSX hits record high as Fed chief approves rate cuts
TSX closes with a plus of 1.1% at 23,286.08 Records a record closing value Financial stocks rise by 1.2 percent Energy gains 1.1 percent; oil up 2.5 percent Aug 23 (Reuters) – Canada’s main stock index rose to a record…
USD/CAD jumps to nearly 1.3740 after strong US retail sales and lower unemployment figures
USD/CAD rises to near 1.3740 as the US dollar recovers after positive US data. Retail sales in the US rose sharply by 1 percent and the number of initial jobless claims was lower than expected. A significant recovery in oil…
USD/CAD remains near 1.3700 after expected decline in US inflation
USD/CAD is little changed at 1.3700 following the release of the US CPI report for July. Inflation data showed that price pressures eased year-on-year, as expected. The BoC is expected to cut interest rates for the third consecutive time. The…
USD/CAD extends downtrend at 1.3750, US initial jobless claims and geopolitical risks in sight
USD/CAD is trading weaker at around 1.3755 in the early Asian session on Thursday. The Governing Council saw a risk that consumer spending could be significantly weaker than expected in 2025 and 2026. Traders will be watching the weekly initial…
