Ketki Saxena

Canada

Editor in Chief at Investing Canada

Editor in Chief at Investing.com

Chief Editor @InvestingcomCA

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Articles

Canadian Dollar higher vs. USD as crude prices provide support By Investing.com

Mar 13, 2024 | ca.investing.com | Ketki Saxena

By Ketki Saxena Investing.com – The Canadian Dollar edged higher against its U.S. counterpart on Wednesday, gaining support from crude prices and continuing its momentum following the Bank of Canada’s last week. Last week, the BoC kept rates on hold at a 22-year high of 5%, stating that it was too early to move to cutting rates. Following the BoC’s move, markets now expect a rate cut from the Canadian central bank in July at the earliest.
Canadian Dollar posts biggest decline in 11 months after hot U.S. CPI reading

Feb 13, 2024 | ca.investing.com | Ketki Saxena

By Ketki Saxena Investing.com - The posted its biggest decline in 11 months vs. its US counterpart on Tuesday as hotter than expected data sent treasury yields surging, dramatically lowered expectations of a Fed rate cut in May, and turned sentiment in equities firmly risk off. U.S. CPI rose 3.1% on an annual basis in January, compared with the expectations for a 2.9% increase. Following the release of the reading, in May fell to roughly 33%, from 58% before the data release.
Canadian Dollar little changed vs USD ahead of U.S. CPI Report

Feb 12, 2024 | ca.investing.com | Ketki Saxena

By Ketki Saxena Investing.com The was little changed against its U.S. counterpart on Monday, continuing go trade in the holding pattern it’s been in since the middle of January. Trading remained thin as markets await Tuesday’s key U.S. , set to be a key driver for the pair.
Canadian dollar pares back after short-lived rally post-domestic jobs report

Feb 9, 2024 | ca.investing.com | Ketki Saxena

By Ketki Saxena Investing.com – The weakened against its US counterpart on Friday, following a short-lived rally after a better than expected Canadian employment report. The Canadian economy added in January, compared to expectations for a gain of 15,000 jobs. The ticked lower to 5.7%, down from 5.8% in December. However, Douglas Porter, chief economist and managing director of economics at BMO (TSX:) warned that “Beyond the shiny headlines, the details were underwhelming”.
Canadian Dollar weakens as Fed decision overshadows domestic GDP data

Jan 31, 2024 | in.investing.com | Ketki Saxena

Please try another search Credit: © Reuters. By Ketki Saxena Investing.com – The weakened against its US counterpart today, hit by risk-off sentiment after Microsoft (NASDAQ:) and Alphabet (NASDAQ:) earnings disappointed, and following a less-dovish-than-hoped-for Fed. A rate decision from the US Federal Reserve was the main driver of action for the USDCAD pair today, overshadowing a better than expected Canadian GDP print. .
Canadian Dollar edges higher as markets anticipate Bank of Canada rate hold

Jan 23, 2024 | ca.investing.com | Ketki Saxena

By Ketki Saxena Investing.com – The Canadian Dollar posted moderate gains vs its US counterpart today, as traders double down on the ahead of a rate decision from the Bank of Canada tomorrow. The BoC is widely expected at 5%, after a hotter than expected domestic December print repriced expectations for how soon the BoC will begin to cut rates. Money markets now expect the first rate cut, a 25-basis-point move in June.
Canadian dollar benefits from Bank of Canada's expected hawkishness next week

Jan 19, 2024 | ca.investing.com | Ketki Saxena

By Ketki Saxena Investing.com – The edged higher against its US counterpart today, as well as most major currencies. The loonie was supported by road risk-on sentiment in equities as the hit an all time high, and expectations for a hawkish next week. Bank of Canada expectations have pared back significantly since the inflation print - a survey of economists by Reuters now show median expectations for the BoC to begin rate cuts in June.
TSX slides to near four week low

Jan 17, 2024 | ca.investing.com | Ketki Saxena

By Ketki SaxenaInvesting.com –- Canada’s main stock index, the S&P/TSX Composite fell to a near four week low today, tracking Wall Street lower as hotter than expected December US retail sales data further dampened hopes of early rate cuts from the Fed. The commodity heavy Canadian index was also pressured by crude and metals prices, following weak Chinese data that raised worries of slowing demand for commodities in the world’s second largest economy.
Scotiabank, ING bearish on Loonie as Canadian dollar loses further ground vs. USD

Jan 17, 2024 | in.investing.com | Ketki Saxena

By Ketki SaxenaInvesting.com -- The Canadian Dollar continued to weaken against its US counterpart today, rising treasury yields, rising risk aversion, and hotter-than-expected retail sales boosted the safe-haven greenback. However, the continued to see some gains against most major currencies, even as a dip in crude and metal prices following weak Chinese data pressured the commodity-linked loonie.
Canadian Dollar Rallies Against Most Major Currencies, Sheds Weight vs USD

Jan 16, 2024 | ca.investing.com | Ketki Saxena

By Ketki Saxena Investing.com – The Canadian Dollar gained against a basket of major currencies, as a hot domestic CPI print bared back bets of a rate cut from the Bank of Canada in March. Despite its broad based rally, the loonie gave up further ground vs. the US dollar, remaining near a one month low. Canadian headline CPI number came in as expected, up 3.4% on an annual basis in November, and compared to November’s 3.1% reading.