Bank of Canada — News Archive

Canadian Dollar Stronger After Carney’s Last BoC Meeting

The Canadian dollar jumped today against its US counterpart and trimmed losses versus the euro after the policy meeting of the Canadian central bank. At the same time, the currency declined against the Japanese yen.

Canadian Dollar Mixed Ahead of BoC Meeting

The Canadian dollar fell against its US peer today as traders were speculating about an end to Federal Reserve’s quantitative easing. At the same time, the currency was little changed versus the euro and rose against the Japanese yen.

Loonie Falls as Oil Drops and Fed Considers Reduced Easing

Canadian dollar is losing ground today, dropping as the the US Federal Reserve considers reducing its economic stimulus efforts. It’s also not helping the loonie that oil prices are dropping again.

Canadian Dollar Slumps as Inflation Decelerates

The Canadian dollar slumped today, touching the lowest level since March against its US peer, as inflation slowed last month, decreasing probability of an interest rate hike from the Bank of Canada.

Canadian Dollar Weakens with Other Commodity Currencies

Canadian dollar is heading lower today, dropping along with other commodity currencies. With commodities plunging, it is little surprise that currencies like the loonie are losing ground today.

CAD Climbs as Traders Search Higher Yield After RBA Decision

The Canadian dollar advanced today amid increasing demand for the currency from traders interested in high yield as continuous currency wars make it difficult to find.

CAD Loses to USD, Gains on EUR & JPY

The Canadian dollar fell today after a successor to the position of the Bank of Canada head was announced. The currency managed to gain against the euro and the Japanese yen.

Loonie Gains Support against Greenback on Recovering Commodities

Canadian dollar is getting a little help today, heading higher after recent losses. The loonie’s success against the greenback is being helped along by higher commodity prices.

Loonie Loses Strength as Growth Projections Lowered

The Canadian dollar dropped against safer currencies today as both the Bank of Canada and the International Monetary Fund revised negatively their projections of Canada’s economic growth. The loonie managed to outperform the euro.

UK Pound Mostly Lower on Continued Economic Weakness

UK pound is mostly lower today, thanks in large part to economic weakness. Economic reports point to continued difficulties in the United Kingdom, and that is leading to expectations of more easing — and continued weakness for the pound.



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