‘Canadian Dollar’ News Archive

Canadian Dollar Flirts with Greenback Parity on Commodities

Thursday, March 18th, 2010

Canadian DollarThe Canadian dollar gained for another session, in a rally that seems to be endless, as the Federal Reserve ratified its dovish position on its interest rates, allowing the strong flow of capital from the U.S. towards north to continue for another day.

Loonie to Reach Parity with Greenback?

Wednesday, March 17th, 2010

Canadian DollarAfter a rather gloomy start of the year for the loonie as investors returned to the U.S. as its economy picked up in the two moths of 2010, the Canadian dollar is once again making its way towards parity with its U.S. counterpart, as commodities and stocks continue to push its rates up.

Who Can Stop the Loonie?

Friday, March 12th, 2010

Canadian DollarThe loonie ended this Thursday posting an amazing result of 10 straight days of advance versus its U.S. counterpart and also gaining versus multiple important currencies as risk appetite has been favoring markets with significant influence on the Canadian dollar.

Canadian Dollar Keeps Uptrend on Growth

Wednesday, March 10th, 2010

Canadian DollarThe Canadian dollar had an amazing eighth day of consecutive gains versus its southern counterpart as currencies tied to growth profited from another session of optimism in commodities and equities markets, allowing the loonie to remain bullish.

Canada’s Dollar Gains on National Commodities

Tuesday, March 9th, 2010

Canadian DollarThe Canadian dollar traded high versus its U.S. counterpart and several other key-currencies in foreign-exchange markets as its main commodity export, the crude oil, rose again allowing the loonie to start this week advancing.

Canadian Dollar Profits from Central Bank Comments

Wednesday, March 3rd, 2010

Canadian DollarThe Canadian dollar started the month of March on a bullish pattern after policy makers in the country affirmed that inflation is slightly above what the Bank of Canada expected, fueling speculations that interest rates may be hiked in the country anytime soon.

Canada’s Dollars Starts Week Bullish on GDP

Tuesday, March 2nd, 2010

Canadian DollarThe Canadian dollar started this week extending a rally started last Friday as quarterly gross domestic product figures in the country surprised forecasts positively, attracting more traders to inject capital in the country as the North American economy rebounds.

Canadian Dollar Benefits from Poor U.S. Data

Saturday, February 27th, 2010

Canadian DollarThe Canadian dollar pared some of the losses occurred this week as risk appetite rose significantly before the end of this Friday’s session, allowing the loonie and other currencies tied to growth to outperform a weakened U.S. dollar.

Risk Averse Scenario Moves Loonie Charts

Friday, February 26th, 2010

Canadian DollarThe Canadian dollar slid to the lowest level in two weeks versus its U.S. counterpart as pessimism regarding the global economy is affecting the outlook for currencies linked to growth, as its the case of the loonie, since Canada is one of the world’s leading suppliers of commodities.

Loonies Decline Halted on Fed Comments, Oil Rebound

Wednesday, February 24th, 2010

Canadian DollarThe Canadian dollar had a disappointing start this week as a combination of global pessimism and optimism exclusively to the U.S. economy declined appeal for currencies tied to growth, but today the loonie ended its losing trend on more favorable news for its currency outlook.


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