Bank of Canada — News Archive

Canadian Economic Concerns Sends Loonie Lower

Once again, the economy is back in the spotlight for Canada. Worries about the Canadian economy have been increasing recently, and the latest manufacturing sales data isn’t helping matters. With the latest plunge, the loonie is heading lower against its counterparts.

Loonie Rises for Second Day

The Canadian dollar rose today for the second trading session after the huge drop against the US dollar and the euro that has started in the middle of this month. The bounce was supported by favorable fundamentals, including rising stocks and commodities.

Canadian Dollar Falls Back on CPI Report

Canadian dollar is struggling today, even though other high beta currencies are doing well. One of the issues right now is the latest CPI data coming out of Canada. Concerns about the Canadian economy are mounting, and that is weighing on the loonie today.

CAD Drops to Parity with USD on BoC Statement

The Canadian dollar slumped today, reaching parity with its US counterpart, after the Bank of Canada suggested that an interest rate cut is not necessary immediately and may be postponed.

Canadian Dollar Struggles after Latest Economic Data

Canadian dollar is struggling today, thanks to the latest economic data. November retail sales were disappointing. Additionally, it’s not helping that oil prices can’t seem to find some solid support.

CAD Surges as Euphoria Kicks In

The Canadian dollar exploded to the upside today amid euphoria that struck the Forex market after US politicians reached an agreement that will help to avoid a financial crisis in the United States.

CAD Gains as BoC Leaves Rates Stable, Downside Pressure Remains

The Canadian dollar gained versus its US counterpart and trimmed the losses against the euro and the Japanese yen today after the Bank of Canada left its target overnight rate stable and continued to speak about future interest rate hikes.

Canadian Dollar Rises on Interest Rate Speculation

Canadian dollar is getting a boost today, rising as Forex traders await the next interest rate announcement from the Bank of Canada.

EUR/CAD Posts Weekly Gain, USD/CAD & CAD/JPY Barely Changed

This week was marked by ever-changing sentiment as US politicians were making different remarks regarding talks about avoiding the fiscal cliff. As a result, the Canadian dollar ended the week near its opening level against the US dollar and the Japanese yen because losses and gains balanced each other. The euro outperformed the loonie this week.

Pound Gains as Mark Carney Appointed as Next Head of BoE

The Great Britain pound pared yesterday’s losses versus the US dollar and the Japanese yen today after the announcement that Mark Carney, the current Bank of Canada’s Governor, will be the next head of Britain’s central bank.

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