Canada Building Permits - MoM
|Latest Release:||06-03-2015 13:30:00|
|Next Release:||06-11-2013 13:30:00|
The Canadian dollar fell to a nearly two-week low on Monday, as last weekâs disappointing jobs report overshadowed a surprise surge in July building permits.
The loonie, as the Canadian currency is called, plunged 0.80 percent to 0.9114, erasing early-month gains that resulted from a high-profile corporate merger involving Tim Hortons, as well as a stronger than forecast second quarter GDP report.
The USD/CAD exchange rate advanced 0.88 percent to 1.0976. The pair is testing the 1.0973 resistance after overcoming the 1.0909 and 1.0939 barriers.
The loonie weakened against the euro, as the EUR/CAD advanced 0.44 percent to 1.4155. The pair faces immediate support at 1.4053 and resistance at 1.4141.
The loonie advanced against the British pound, as the prospect of Scottish independence continued to weigh on sentiment. Meanwhile, UK house prices rose at a slower rate than forecast last month. The GBP/CAD declined 0.47 percent to 1.7677. The pair faces immediate support at 1.7710 and resistance at 1.7807.
Canadaâs currency was little changed against the Japanese yen, as the CAD/JPY consolidated at 96.55. The pair faces initial support at 96.11 and resistance at 97.08.
The Canadian dollar is still troubled by a disappointing jobs report released on Friday showing overall employment unexpectedly declined last month.
Overall employment in the worldâs eleventh largest economy declined 11,000 in August, following a revised gain of...
Business » Canadian building permits surge in JulyPosted Sep 8th, 2014 at 02:10 PM
Canadian building permits rose in July for the fourth consecutive month, defying expectations for a broad cool down in the housing sector. The value of building permits increased 11.8 percent in...
Business » Canadian New House Prices Rise for Seventh...Posted Aug 14th, 2014 at 02:36 PM
New house prices in Canada rose for the seventh consecutive month in June, as healthy market conditions and new list prices kept property valuations rising in places like Toronto and Oshawa. New...
Forex » Canadian housing starts rise in JulyPosted Aug 11th, 2014 at 12:45 PM
Canadian housing starts unexpectedly surged in July, as the housing market showed little sign of slowing down at the start of the third quarter. Groundbreaking last month rose to a seasonally...
Business » Canadian Building Permits Surge on...Posted Aug 7th, 2014 at 05:05 PM
Canadian building permits unexpectedly surged in June, as higher non-residential construction intentions in the province of Quebec pushed the value of authorizations to the second-highest on record....
Forex » Canadian Dollar Recovers from 3-Month Low as...Posted Aug 6th, 2014 at 05:16 PM
The Canadian dollar rebounded from a three-month low against its US counterpart Wednesday, as exports continued to climb amid geopolitical tensions. The loonie, as Canadaâs currency is called,...
Forex » Strong US Data, Declining Oil Prices send...Posted Aug 6th, 2014 at 01:24 AM
The Canadian dollar declined sharply against its US counterpart Tuesday, as a combination of weak oil prices and strong US data kept demand for the commodity currency in check. The loonie, as...
|Forex Broker Spreads »|
|Most Popular Articles »|
- Canadian dollar holds ground despite weak retail sales data 7 views
- Accuvant and FishNet Security Continue Transformation; Unveil New Logo 3 views
- ITT’s Bornemann SLH-4G Twin-Screw Pump Receives EHEDG EL Aseptic Certificate 2 views
- US dollar rebounds as Ukraine tensions ease 2 views
- Coty Inc. Appoints Camillo Pane as Executive Vice President, Category Development 2 views
- US Retail Sales Rebound in February 2 views
- Zoetis to Participate in the 33rd Annual J.P. Morgan Healthcare Conference 2 views
- Zoetis to Participate in Piper Jaffray 26th Annual Healthcare Conference 2 views
- William Lyon Homes Partners with Stearns Lending to Launch William Lyon Mortgage, LLC 2 views
- Yen extends gains despite strong interest rate differential 1 view