AUD/CAD Price & Performance (AUDCAD)

The Canadian dollar weakened against the U.S. dollar, trading at C$1.429, as government bond yields climbed. Ten-year Canadian bond yields rose to 3.092%, reflecting inflation concerns after February's annual rate hit 2.6%. Higher U.S. crude prices and bond yields also contributed to the loonie's decline.1

Autodesk plans to cut 9% of its workforce, equating to 1,350 jobs, despite reporting a 12% revenue increase in its latest financial quarter. The layoffs are attributed to reallocating resources towards AI and cloud technologies, as the company adapts to evolving market demands and seeks to enhance long-term resilience.2

Celebrating 25 years, CitA continues to lead digital transformation in construction. The organization has trained over 400 companies in 2024 alone and is expanding programs like the Automation Series and BIM Gathering. CitA aims to address challenges in skills gaps, IT costs, and sustainability through collaborative initiatives.3