BREAKING: USDCAD rises after BoC rate decision and ISM Manufacturing PMI data

The ISM Manufacturing PMI for the US jumped to 56.1 in May from 55.4 in the previous month, and beat analysts’ expectations of 54.5.

Prices paid 82.2 vs. 83.0 estimate. Last month 84.6
Employment 49.6 vs. 50.9 last month
New orders 55.1 vs. 53.5 last month
Production 54.2 vs. 53.6 last month

Simultaneously to the release of US data,the Bank of Canada raised its benchmark interest rate by 50bps to pre-pandemic levels of 1.50 % as widely expected. No post-meeting press conference will be held.

USDCAD initially currency pair fell after the release of today's data, however buyers manage to quickly regain control and price is heading towards local resistance at 1,2660.

17 April 2026, 8:11 AM

Economic Calendar: A Calm End to the Week!

16 April 2026, 7:11 PM

Daily summary: Rising oil pressures EURUSD, bull run on Wall Street continues

16 April 2026, 6:32 PM

BREAKING: Oil rebounds to $100 as Gulf & European officials see US requiring 6 months for Iran deal

16 April 2026, 7:52 AM

Economic Calendar - Final Eurozone Inflation and U.S. Industrial Production (16.04.2026)

Economic reports

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