CANADIAN DOLLAR GAINS GROUND AS GREENBACK RECEDES ON THURSDAY... hagijeee から-フォローミートレーディングコミュニティ

10 May 2024, 12:08 · Views 113

Canadian Dollar propped up by broad-market, risk-on sentiment.
Canada has a resilient financial system, says BoC Macklem.
Canadian labor numbers slated to print on Friday.

The Canadian Dollar (CAD) found some bids on Thursday after investors’ risk-appetite stepped up, bolstering markets out of safe-havens like the US Dollar (USD). The Greenback is broadly softer on the day, and CAD traders are finding fresh buying momentum.

The Bank of Canada (BoC) delivered its latest Financial System Review during Thursday’s American market session. BoC Governor Tiff Macklem assured market participants that the Canadian financial system remains “resilient” overall, the BoC head noted that signs of stress are increasing. BoC Deputy Governor Carolyn Rogers also noted that while the number of small businesses reporting insolvencies has increased, the BoC doesn’t see this having broader implications for the Canadian economy.

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