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CANADIAN DOLLAR CLAWS BACK GROUND ON DATA-LIGHT WEDNESDAY

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  • Canadian Dollar rebounds after previous day’s downside.
  • Canada is absent from the economic calendar on Wednesday.
  • BoC’s Macklem due Thursday to deliver latest Financial System Review.

The Canadian Dollar (CAD) rebounded across broader markets on Wednesday, regaining ground lost in the previous sessions. Markets remain thin as traders await meaningful data and watch for talking points from Federal Reserve (Fed) officials.

Canada is entirely absent from Wednesday’s data docket, leaving CAD at the mercy of broader market flows. Bank of Canada (BoC) Governor Tiff Macklem will make an appearance on Thursday while delivering the BoC’s Financial System Review in Ottawa.


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