CAD/USD Price & Performance (CADUSD)

The Canadian dollar continues to experience downward pressure as global oil supply forecasts predict a surplus for 2025. Combined with a recent rate cut by the Bank of Canada, the currency struggles against the U.S. dollar, which is trading with a bearish bias ahead of key economic data releases.12

Ready Capital Corporation faces a class action lawsuit alleging misleading financial disclosures about non-performing loans in its CRE portfolio. Investors who acquired shares between November 7, 2024, and March 2, 2025, may be eligible to participate. The case seeks to recover damages for affected shareholders.3

The U.S. dollar retreated as Michigan Consumer Sentiment data fell below expectations. This decline has created varied movements in currency pairs, with USD/CAD showing bearish trends. The broader market reacts cautiously as traders assess the implications of weaker consumer confidence on economic recovery.4