EURCAD
Euro / Canadian dollar

The market is closed (05 dec 01:03 UTC +2)
Current price
1.41822
0.00505
0.36
Opening
1.41317
Daily range 0.00
1.41113 — 1.41822

News EURCAD

Lagarde from the ECB believes in the need to make inflation back to the target level

European Central Bank President Christine Lagarde stated that inflation expectations should not change. People should be confident that price growth will return to the target level.

2 December
Bank of Canada can complete the interest-rate hiking cycle

Bank of Canada economists suppose that the interest-rate hiking cycle can be completed in the forthcoming months. Even if the Federal Reserve continues to increase borrowing costs, the situation won’t change.

2 December
Lagarde warns that some fiscal policies in the EU could stimulate excess demand

Christine Lagarde, president of the European Central Bank (ECB), sees that some European states' fiscal policies are likely to trigger excess demand. She stressed that fiscal and monetary policies need to work in sync so that economic growth remains both balanced and sustainable.

2 December
Inflation pressure eased as less intensive factory downturn was registered across eurozone in November

According to a recent survey, a downturn in manufacturing activity was less pronounced in the euro countries in November. And while European factories are still to face difficulties as winter comes, now there exists a possibility it wouldn't be extremely severe.

2 December
Canadian dollar is weaker than other G10 currencies

The U.S. dollar weakened against some other currencies. On Thursday the Canadian dollar lost positions against its U.S. counterpart.

2 December
Forecasts EURCAD
EUR/CAD rises due to oil weakness
24 November 2022 65
ECB raises rates having no result
09 September 2022 109
EURCAD neutral
EURCAD: from one flat to another
08 August 2022 99

Event announcement EURCAD

Current time:
Eniwetok, Kwajalein
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GMT -12

Midway Island, Samoa
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GMT -11

Hawaii, Tahiti
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GMT -10

Alaska, Adak
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GMT -09

Anchorage
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GMT -08

Los Angeles, Vancouver
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GMT -07

Denver
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GMT -06

Mexico City, Bogotá, Lima
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GMT -05

New York, Puerto Rico
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GMT -04

Buenos Aires, Montevideo
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GMT -03

São Paulo
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GMT -02

Azores
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GMT -01

Reykjavik
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GMT +00

London
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GMT +01

Kaliningrad, Paris
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GMT +02

Moscow, St. Petersburg
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GMT +03

Abu Dhabi, Tbilisi
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GMT +04

Yekaterinburg, Tashkent
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GMT +05

Almaty, Dhaka, Omsk
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GMT +06

Bangkok, Jakarta
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GMT +07

Beijing, Hong Kong
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GMT +08

Tokyo, Seoul
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GMT +09

Vladivostok, Brisbane
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GMT +10

Magadan
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GMT +11

Auckland, Wellington
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GMT +12

EURCAD economy

European Monetary Union

Canada

Central Bank interest rate
2%
Change: +0.75%
3.75%
Change: +0.5%
Gross domestic product
0.2%
Without changes
0.1%
Change: -0.2%
Unemployment rate
6.5%
Change: -0.1%
5.1%
Change: -0.1%
Retail sales
0.4%
Change: +0.4%
-0.7%
Change: -1.2%
Trade balance
£-34.4B
Change: £+18B
$1.14B
Change: $+0.59B
Inflation
10%
Change: -0.6%
0.4%
Without changes
Business confidence
0.54
Change: -0.2
50.1
Change: -9.4

Currency rate effect

Positive, leads to growth
Negative, leads to decrease
Neutral, no effect

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