USD/CAD: Loonie Falters on Grim Signs for the Canadian Economy

The Canadian dollar is presumed to succumb further to the US dollar today on views that the Canadian economy stalled at the end of 2012, putting pressure on the Bank of Canada to extend a period of low interest rates. The economy received a double whammy last Friday after sales and inflation data came in below expectations. Meanwhile, ongoing concerns over the looming sequester are seen to lift the safe haven US dollar.

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USD/CAD: Disappointing Factory Sales Report Continuing to Weigh on the Loonie

The Canadian dollar is deemed to maintain its weakness opposite the US dollar today as Canadian manufacturing sales registered the largest decline since the Great Recession due mainly

AUD/CAD: Loonie Dips as BOC Signals Longer Rate Pause

The Canadian dollar is deemed to lose further ground opposite the Australian dollar today as the Bank of Canada lowered its economic estimates and said it will likely