CGP News & Resources

CAD Consolidates Just Below Highs

Posted by Joshua Schlebach on 8/6/20 9:22 AM

The CAD has consolidated about half a cent below yesterday’s highs with the USD benefiting from positive fundamental releases. No releases to report on this morning will leave investor focus on tomorrow’s employment data.

Topics: Market Update

CAD Surges and Trades at Highest Level Since February

Posted by Joshua Schlebach on 8/5/20 9:24 AM

The CAD has made considerable gains this week and is now trading at the highest level vs. the USD since February. Crude and other commodity prices have firmed and the sudden strength is perhaps a delayed reaction from last week’s positive economic data. Fundamentals today were limited to second tier Trade Balance numbers which posted a miss at -3.2B vs. -0.6B.

Topics: Market Update

CAD Consolidates Losses to End Week

Posted by Joshua Schlebach on 7/31/20 8:50 AM

The CAD has consolidated near the bottom of this week’s range and has seen little as far as strength goes even with positive fundamentals and a bump in crude prices. GDP numbers posted a solid beat coming in at a gain of 4.5% last month compared to the expected 3.5%. Crude is now back over the $40 mark after suffering losses over the past couple of days.

Topics: Market Update

CAD Recovers and Consolidates Gains

Posted by Joshua Schlebach on 7/29/20 11:20 AM

The CAD is trading higher than the levels that we saw throughout the day yesterday but still well within this week’s overall range.  Again no domestic releases today will likely leave the CAD trading on the overall sentiment and movement of the market.

Topics: Market Update

CAD Slides but Trades in Range

Posted by Joshua Schlebach on 7/28/20 9:11 AM

The CAD has fallen this morning and lost ground against many of the G10 but is trading well within the range that we have seen so far this week.  No fundamental releases are scheduled ahead of Friday’s GDP report for May will likely see the Loonie continue to trade close to this range.

Topics: Market Update

CAD Trades in Range to Close out Week

Posted by Joshua Schlebach on 7/24/20 9:22 AM

The CAD lost slight ground from the highs that we saw yesterday but is trading well within the range that we have seen since Tuesday.  Equity market volatility has been the main driver this morning in an absence of fundamental releases out of Canada.  Neutral trading is expected for the near term with no first tier releases coming until next Friday’s GDP numbers.

Topics: Market Update

CAD Pushes Higher on Crude and Sentiment

Posted by Joshua Schlebach on 7/23/20 9:59 AM

The CAD is continuing to impress this week making further gains into the North American open today on both risk sentiment as well as crude prices. No fundamental releases today to report on will likely leave the Loonie trading in line with the overall market mood. A break lower could be possible barring anything unexpected throughout market.

Topics: Market Update

CAD Holds on to Overnight Gains

Posted by Joshua Schlebach on 7/22/20 10:47 AM

The CAD made slight gains overnight but is trading well within the range that we saw throughout the day yesterday. Fundamental news was positive out of Canada with inflation numbers posting an encouraging 0.8% gain vs. the expected 0.4% on fuel, food and shelter costs. Core CPI reported at 0.4% up from last month’s -0.1%.

Topics: Market Update

CAD Continues to Surge to Open the Morning

Posted by Joshua Schlebach on 7/21/20 9:41 AM

The CAD has continued to make solid gains through the overnight session and into the North American open today.  Fundamentals were less than stellar but the Loonie is benefiting from a risk on sentiment throughout markets as well as hopes for a Covid vaccine.  Core Retails Sales numbers missed the mark coming in at 10.6% vs. the expected 11.9%, while Retail Sales also reported under the 20.2% forecast at 18.7%.  Second tier NHPI was at 0.1% vs. 0.2%.

Topics: Market Update

CAD Posts Gains to Open the Week

Posted by Joshua Schlebach on 7/20/20 8:44 AM

The CAD is making gains to open the trading week and is up just under half a cent this morning.  No fundamental news to report on today opens a relatively quiet week as far as news releases are concerned.  Tomorrow’s Core Retail Sales numbers headline the AM news out of Canada.

Topics: Market Update

Recent Posts