Forex news -Canadian dollar:

Central bank  : Bank of Canada (BoC)

Interest rates :0.75%

Commodity    : Oil

From previous articles I mentioned that if you really need to know the Forex news surrounding the currencies that we trade, here on this blog you can find it all broken down into pieces in a way that is easy to read and understand, hopefully reading about those Forex news here is not as complex as reading from other sites, I have tried to make it as easy as possible. This post is mainly focused on Forex news canadian dollar, all the news listed here are specifically for Canada, therefore directly affecting the Canadian dollar.  Canadian dollar otherwise known as the ”loonie” is the 7th most traded currency, this currency is also referred to as the commodity dollar (comdolls) because oil is most influential to the performance of the currency, its performance depends on raw material.

TRADE BALANCE 

This is the latest release by statistics Canada which is released monthly about 35 days after month ends. It measures the difference in value between imported and exported goods during the reported month, if the actual figure comes out greater than the forecast, that is good for CAD.

IVEY PMI

This is the latest release by Richard Ivey school of business, released 5 days after month ends and it measures level of diffusion index based on surveyed purchasing managers.

BUILDING PERMITS

It is the latest release from  statistics Canada which measures change in the total value of new building permits issued. This is released about 35 days after month ends.

EMPLOYMENT RATE

It is the latest release from statistics Canada which measures change in number of employed people during previous month. If actual figure comes out greater than forecast, that is good for CAD, this data is released 8 days after the month ends.

UNEMPLOYMENT RATE

It is the latest release from statistics Canada which measures percentage of the total unemployment during previous month, if the actual figure is lesser than forecast, that is good for currency. The number of unemployed people is important for overall health of the economy, consumers spending is highly dependable on labor market conditions.

BANK OF CANADA MONETARY POLICY REPORT

It is the latest release of Bank of Canada (BOC) ,this is released quarterly, the more hawkish than expected, the best for CAD, this data provides valuable insight into the bank’s view of economic conditions and inflation.

BANK OF CANADA RATE STATEMENT

It is latest release by bank of Canada, it is also known as Interest rate statement. It is basically the primary tool for bank of Canada to communicate with the investors about monetary policy.

OVERNIGHT RATE

It is the latest release by bank of Canada that measures the rate of borrowing and lending of overnight funds between themselves. It happens 8 times a year.

BANK OF CANADA (BOC) PRESS CONFERENCE:

It is the latest release by bank of Canada where speaker is BOC governor and senior deputy governor, this is released quarterly after the release of BoC monetary policy. If the results are hawkish than expected, that is good for CAD.

CORE CPI

It is the latest release from statistics Canada which measures change in the price of goods and services purchased by consumers. If actual figure is greater than the forecast, that is good for CAD, this data is released monthly about 20 days after the month ends.

CORE RETAIL SALES

It is the latest release by statistics Canada, it measures change in the total value of sales at the retail level. This is released monthly about 50 days after month ends.

WHOLESALE SALES

This data measures change in the total value of sales at the wholesale level. It is also called wholesale trade.

CANADA GDP

This data measures change in inflation-adjusted value of all goods and services produced by economy, it is released monthly about 60 days after month ends.

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