The Canadian dollar extended its yesterday’s gains today as optimism rose worldwide regarding the so much waited economic recovery, pushing commodities that influence loonie’s rates up.
Goldman Sachs Influences Canadian Dollar Rally
August 20th, 2009 at 19:56
Canadian Dollar
The Canadian dollar traded at the highest level this week after one of the most relevant investment banking corporations in the world suggested that the loonie is likely to gain versus its U.S. counterpart in the short term.
Canada’s Dollar Losing Streak Ends on Oil Rebound
August 19th, 2009 at 20:43
Canadian Dollar
The Canadian currency, which lost more than 3 percent versus its U.S. counterpart during the last week, rebounded today as oil rates climbed in New York trading markets.
Canadian Dollar Strengthens as Stocks Remain Bullish
August 13th, 2009 at 22:27
Canadian Dollar
The Canadian dollar was traded today at the highest level in this week as stocks and commodities continued to have a positive performance today, helping the loonie to remain strong versus the greenback.
Crude Oil Reverts Canadian Dollar Falling Trend
August 12th, 2009 at 19:35
Canadian Dollar
After losing for five consecutive days, the Canadian currency rebounded versus its U.S. counterpart as stocks in Toronto climbed and the crude oil rebounded followed by most of the main traded commodities.
Rising Unemployment Affects Canada’s Dollar Performance
August 07th, 2009 at 13:57
Canadian Dollar
The U.S. dollar pared most of this week’s losses versus its Canadian counterpart as a report today indicated that the number of job cuts in Canada was higher than what economists predicted.
Canadian Dollar Down as Oil Declines
August 07th, 2009 at 0:44
Canadian Dollar
The Canadian dollar had a second day of negative performance as unemployment in the nation is expected to grow further, damping demand for the loonie.
Finance Minister Halts Canadian Dollar Rally
The Canadian dollar, which has been gaining heavily versus several most traded currencies, finally stopped its rally after the national Finance Minister affirmed that eventual measures may be taken to damp the rising demand for the loonie, which is already jeopardizing Canadian exports.
Canadian Dollar Climbs Fueled By Stocks Rally
August 04th, 2009 at 10:16
Canadian Dollar
The Canadian dollar reached a 10-month high versus its U.S. counterpart as corporate earnings, mainly in North America, but also in Asia and Europe, posted better-than-expected numbers, pushing investors to the already attractive Canadian currency.
Canadian Dollar Ends Third Week Gaining Versus Greenback
August 02nd, 2009 at 18:20
Canadian Dollar
The loonie is having a rocketing performance versus its U.S. counterpart even after a negative economic report in Canada indicated a higher-than-expected shrinking rate for the nation’s economy, reaffirming the high current risk appetite among traders.