Forex News » Canadian Dollar

Loonie to Reach Parity with Greenback?

Jan Baros — Wed, 17 Mar 2010 00:35:09 +0000

After 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.(...)
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Who Can Stop the Loonie?

Jan Baros — Fri, 12 Mar 2010 04:16:42 +0000

The 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.(...)
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Canadian Dollar Keeps Uptrend on Growth

Jan Baros — Wed, 10 Mar 2010 03:37:27 +0000

The 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.(...)
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Canada’s Dollar Gains on National Commodities

Jan Baros — Tue, 09 Mar 2010 02:56:47 +0000

The 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.(...)
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Canadian Dollar Profits from Central Bank Comments

Jan Baros — Wed, 03 Mar 2010 00:01:36 +0000

The 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.(...)
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Canada’s Dollars Starts Week Bullish on GDP

Jan Baros — Tue, 02 Mar 2010 00:42:25 +0000

The 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.(...)
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Canadian Dollar Benefits from Poor U.S. Data

Jan Baros — Sat, 27 Feb 2010 05:11:01 +0000

The 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.(...)
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Risk Averse Scenario Moves Loonie Charts

Jan Baros — Thu, 25 Feb 2010 22:21:12 +0000

The 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.(...)
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Loonies Decline Halted on Fed Comments, Oil Rebound

Jan Baros — Wed, 24 Feb 2010 21:34:51 +0000

The 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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Global Economic Concerns Impact Loonie’s Price

Jan Baros — Tue, 23 Feb 2010 20:12:01 +0000

The sharp and strong economic recovery expected by some analysts for this year has not yet been confirmed, and new concerns regarding the global economic future influenced negatively the demand for Canadian exports and consequently for its currency.(...)
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