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Canadian dollar higher ahead of Manufacturing Sales - MarketPulse

Canadian dollar higher ahead of Manufacturing Sales - MarketPulse
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CAD drifting, Manufacturing Sales next - MarketPulse

CAD drifting, Manufacturing Sales next
Posted 5 hours agoSharePrint
On Thursday, the Canadian dollar has posted small gains. In the North American session, USD/CAD is trading at 1.2147, up 0.11% on the day.
The Canadian dollar has been on a tear lately. USD/CAD has fallen 1.32% in May and the Canadian dollar hasn’t suffered a losing week since March. Canada’s economic recovery has been bumpy and lockdown restrictions remain in place, but the Canadian dollar has jumped on the bandwagon and posted impressive gains against a wobbly US dollar, which has struggled in the second quarter.
Canada releases Manufacturing Sales on Friday (12:30 GMT). The February reading hit a 6-month low, at -1.6%. However, we expect a strong rebound for March, with a consensus of 3.5%. If the release is within expectations, we could see the Canadian dollar respond with gains. ....

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Strong Canada data boosts loonie - MarketPulse

Strong Canada data boosts loonie
February 15, 2021SharePrint
The Canadian dollar has started the week with gains. Currently, USD/CAD is trading at 1.2643, down 0.40% on the day.
It has been a busy start to the week for Canadian fundamentals, after just one event last week. The numbers were much stronger than expected, which has given a boost to the Canadian dollar. Housing Starts jumped from 228 thousand to 282 thousand, an exceptionally high reading. This crushed the estimate of 236 thousand. There was more positive news from Manufacturing Sales, which rebounded with a gain of 0.9% in December, after a read of -0.6% beforehand. This easily beat the street consensus of 0.2%. ....

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