The Canadian Dollar appreciated against the Greenback, reflecting Canadian economic report. Ahead of the release, USD/CAD slid through the 1.2690 area, then returned to 1.2720, from where another data as well as investors’ worries about delaying the US corporate tax cuts sent the pair down to finish the session at 1.680. The bearish sentiment is likely to be sustained in the pair due to the lack of reports on Friday.
Statistics Canada reported on Thursday that the country’s House Price Index rose 0.2% in September, matching analysts’ expectations. The strongest increase was registered in British Columbia, while remaining areas showed mixed results. On an annual basis, September’s new housing prices increased 3.8% for the third month in succession.
