Monex

CAD Canadian retail sales data should be in focus for loonie traders today. Markets are expecting a solid expansion in consumer activity, with headline sales likely to rise by 0.7% MoM in April....

CAD While a US holiday took the focus off North America yesterday, USDCAD still weakened at the margin, falling by just shy of 0.1%. Most significantly though, the loonie’s fractional move higher was...

CAD The Canadian dollar has been stuck in a wedge this week, pushed moderately higher by a strong equity backdrop but capped by dovish BoC expectations. We suspect the latter dynamic will prove the...