Canada forex news

Here are some recent and relevant news articles related to the Canadian forex market:

1. Bank of Canada keeps interest rates steady

Source: The Globe and Mail, March 4, 2023

The Bank of Canada has decided to keep its key interest rate unchanged at 4.5%, citing a slowdown in economic growth and inflation. This decision is expected to have a mixed impact on the Canadian dollar.

2. Canadian dollar strengthens against US dollar

Source: Reuters, February 28, 2023

The Canadian dollar has strengthened against the US dollar, reaching a high of 1.33 CAD/USD, due to a decline in US Treasury yields and a rise in oil prices.

3. Canada's trade deficit widens in January

Source: CBC News, February 24, 2023

Canada's trade deficit widened to $3.2 billion in January, driven by a decline in exports of energy products and a rise in imports of goods such as electronics and machinery.

4. Canadian housing market shows signs of slowing down

Source: The Toronto Star, February 22, 2023

The Canadian housing market is showing signs of slowing down, with sales and prices declining in many regions. This could have implications for the Canadian economy and the value of the Canadian dollar.

5. Bank of Canada governor warns of economic risks

Source: The Financial Post, February 17, 2023

Bank of Canada Governor Tiff Macklem has warned of economic risks, including a potential recession, due to global economic uncertainty and the impact of higher interest rates on the housing market.

6. Canadian dollar falls against US dollar

Source: Bloomberg, February 14, 2023

The Canadian dollar has fallen against the US dollar, reaching a low of 1.35 CAD/USD, due to a decline in oil prices and a rise in US Treasury yields.

7. Canada's GDP growth slows in Q4

Source: The Canadian Press, February 10, 2023

Canada's GDP growth slowed in the fourth quarter of 2022, driven by a decline in exports and a rise in imports. This could have implications for the Canadian economy and the value of the Canadian dollar.

8. Canadian dollar strengthens against euro

Source: The Financial Times, February 7, 2023

The Canadian dollar has strengthened against the euro, reaching a high of 1.45 CAD/EUR, due to a decline in the eurozone's economic growth and a rise in oil prices.

9. Bank of Canada raises interest rates again

Source: The Globe and Mail, January 25, 2023

The Bank of Canada has raised its key interest rate again, to 4.5%, citing rising inflation and a strong economy. This decision is expected to have a mixed impact on the Canadian dollar.

10. Canadian dollar falls against yen

Source: Reuters, January 20, 2023

The Canadian dollar has fallen against the Japanese yen, reaching a low of 0.85 CAD/JPY, due to a decline in oil prices and a rise in Japanese government bond yields.

These are just a few examples of recent news articles related to the Canadian forex market. It's always a good idea to stay up-to-date with the latest news and market trends to make informed trading decisions.