Bank of Canada — News Archive

Employment in Canada Worsens, Canadian Dollar Fluctuates

The poor employment data weakened the Canadian dollar today. Nevertheless, the loonie snapped its losses versus the US dollar and gained against the euro. The currency closed lower versus the Japanese yen.

Loonie Gets Boost from Carney’s Comments

The Canadian dollar gained today, rising for the fifth straight trading session against the US dollar, as Mark Carney, Bank of Canada’s Governor, suggested that an increase of interest rates may be needed in the near future. The Canadian economy differs from the struggling economies of some other developed nations, which strives to lower their borrowing costs.

EUR/CAD Drops to Two-Year Low

The Canadian dollar reached the highest level in two years against the euro today as the European Central Bank decreased its key interest rate. The Canadian currency stayed flat versus the US dollar.

Loonie Drops on Poor Canadian Retail Sales

The Canadian dollar slumped against its US counterpart and erased its gains versus the Japanese yen today as Canadian retail sales unexpectedly fell. Still, the currency was higher against the euro.

Loonie Suffers from Poor Canadian Employment Data, Recovers

The Canadian dollar dropped against its US peer and the Japanese yen as a set of poor fundamental data was released today. The currency managed to trim its losses against the yen and advance versus the greenback as well as the euro.

Loonie Advances as Bank of Canada Suggests Interest Rate Hike

The Canadian dollar climbed today after the Bank of Canada left its key overnight rate at 1 percent and hinted that interest rates hikes may follow in the future despite weakening global economic growth.

Loonie Gains vs. Euro, Holds Ground vs. Greenback & Yen

The Canadian dollar climbed against the euro today as declining manufacturing of the eurozone weakened the shared 17-nation currency. Canada’s currency erased losses versus the US dollar and was flat against the Japanese yen.

Canadian Dollar Goes Higher as US Manufacturing Expands

The Canadian dollar climbed today after a report showed that the US manufacturing sectors was expanding last month with faster pace than was anticipated by analysts, bolstering positive market sentiment.

Bank of Canada Comments Send Loonie Higher

Right now, the Canadian dollar is seeing gains against nearly all of its major counterparts as the Bank of Canada comes out sounding a bit hawkish. Loonie is finding support in general risk appetite as well, and receiving some help from higher oil prices.

Loonie Follows Aussie in Advance

The Canadian dollar jumped yesterday and so far has kept its gains today as stocks and commodities advanced on speculation that the Federal Reserve will maintain its interest rates record low for prolonged time.

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