The Canadian dollar fell against its US counterpart today after Canadian retail sales slowed, hinting that Canada’s economy has problems that may slow economic growth. The currency was higher versus the yen.
Bank of Canada — News Archive
Traders Again Willing to Risk, Benefiting Canada’s Dollar
December 21st, 2011 at 0:17
The Canadian dollar advanced today as the prices for crude oil rose and stocks gained after risk appetite reemerged on markets and traders again became interested in riskier assets.
Loonie Climbs After BoC Policy Decision
December 07th, 2011 at 3:00
The Canadian dollar jumped after the Bank of Canada left the main interest rate unchanged. The positive fundamentals may spur the Canadian currency even further to the upside.
US Dollar Plummets on Central Bank Coordination
November 30th, 2011 at 15:09
US dollar is down across the board on the latest move by the world’s major central banks to increase liquidity. In an effort to inject confidence in global markets, several central banks are coordinating efforts to make the US dollar cheaper.
No Referendum in Greece, Traders Less Concerned
November 03rd, 2011 at 21:45
The Canadian dollar rallied today as traders’ sentiment improved and risk appetite after Greek Prime Minister George Papandreou canceled the planned referendum about the austerity measures required to get the bailout.
Canadian Dollar Drops as BoC Holds Rate, Cuts Economic Forecast
October 25th, 2011 at 19:36
The Canadian dollar fell today after the Bank of Canada kept the main interest rate unchanged and predicted a slower growth of the nation’s economy, fueling the speculation that the bank will extend the pause on interest rates increases.
Canadian Dollar Gets Boost on Forex Market Optimism
October 24th, 2011 at 15:28
Canadian dollar is getting a boost today, rising against the US dollar on optimism about what’s next for the eurozone. With the expectation of a deal announced by EU leaders on Wednesday, the Forex market is showing a return to risk — at least for now.
IMF Lowers Growth Forecast for Canada
September 21st, 2011 at 0:19
The Canadian dollar weakened as the International Monetary Fund cut its growth forecast for Canada, making the growth-related nation’s currency less attractive for investors.
BoC Maintains Interest Rates, Canadian Dollar Climbs
September 07th, 2011 at 21:29
The Canadian dollar jumped against its US counterpart as the Bank of Canada announced, after deciding to keep the target lending rate unchanged, that it’s expecting the economic growth to resume in the second half of this year.
CAD Near Parity with USD
September 06th, 2011 at 15:31
The Canadian dollar traded within a cent from parity with the US currency as decline of stocks and signs of global economic slowdown spurred speculation that the nation’s central bank will decrease its interest rates.