- Canadian Dollar (CAD) is experiencing a mixed day against major currencies on Wednesday. Against the US Dollar (USD), the loonie initially gained but then fell back to the day’s opening levels.
- Canada’s Current Account showed a smaller-than-expected improvement, with a decline of CAD $-3.22 billion in the third quarter and a downward revision of the second quarter’s figures to $-7.32 billion.
- US Gross Domestic Product (GDP) saw stronger growth than anticipated, at 5.2% for the third quarter, while Personal Consumption Expenditure (PCE) Prices missed expectations, creating a cloud of uncertainty around the USD’s performance.
Market Movers: The Canadian Dollar pulls back against the US Dollar as market sentiment shifts, and missed expectations lead to new figures on Wednesday. For more details, read more here.
The table below highlights the percentage changes in the Canadian Dollar (CAD) against major currencies. Today, the Canadian Dollar saw the most significant decline against the Swiss Franc.
The heat map displays the percentage changes of major currencies against each other, providing a visual overview of how currencies are performing relative to one another. For further insights and detailed information, click here to learn more.
