United States Factory Orders (MoM) above forecasts (1.6%) in November: Actual (2.7%)

Jan 29, 2026

USD/CAD slides to 15-month low as rising Oil prices and BoC outlook lift the Loonie

The Canadian Dollar (CAD) extends its gains against the US Dollar (USD) on Thursday, with USD/CAD sliding to its lowest level since October 2024, as the Loonie draws support from rising Oil prices and a steady Bank of Canada (BoC) monetary policy outlook.

United States Factory Orders (MoM) above forecasts (1.6%) in November: Actual (2.7%)

USD/CAD slides to 15-month low as rising Oil prices and BoC outlook lift the Loonie

United States Wholesale Inventories remains unchanged at 0.2% in November