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.
January 29th, 2013 at 19:57
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.
January 25th, 2013 at 17:50
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.
January 23rd, 2013 at 18:51
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.
January 22nd, 2013 at 13:51
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.
January 02nd, 2013 at 23:31
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.
December 04th, 2012 at 22:39
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.
December 04th, 2012 at 14:23
Canadian dollar is getting a boost today, rising as Forex traders await the next interest rate announcement from the Bank of Canada.
December 01st, 2012 at 13:38
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.
November 27th, 2012 at 6:00
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.