Bank of Canada — News Archive

Canadian Economic Releases Miss, Sending Loonie Lower

Canadian economic releases disappointed today, and with the dollar dominating everything in sight, it’s little surprise that the loonie is lower.

UK Pound Gets Boost on Prospect to Reduce Easing

Votes to avoid an increase in the Bank of England’s asset buying program are providing support for the pound today. Pound is modestly higher against the US dollar, and the currency has broken a recent losing streak against the euro. As more members of the MPC decide against quantitative easing, the sterling is likely to gain some strength.

Loonie Down for Third Day on Fed Speculation

Canadian dollar is declining against the US dollar for the third day in a row as the Federal Reserve begins its two-day meeting. The expectation that the Fed could begin reducing its asset purchases is lending strength to the greenback against the loonie.

CAD Reaches Monthly Record vs. USD Before Retreating

The Canadian dollar touched the highest level in a month against its US peer before retreating below the opening level yesterday. The currency fell against the Japanese yen as well because domestic fundamentals were not supportive for the currency.

CAD Rallies as Poloz Reiterates Interest Rate Hike Probable

The Canadian dollar rallied versus its US counterpart today as the new chief of the central bank said that an interest rate hike is probable sometime in the future. The currency retreated against some other majors, including the euro.

Positive Fundamentals Did Not Help CAD This Week

The Canadian dollar fell against major currencies this week despite domestic fundamentals that were supportive for the currency.

Canadian Dollar Advances as Current-Account Deficit Narrows

The Canadian dollar advanced today against its US peer as the nation’s current-account deficit shrank last quarter, adding to speculations that the central bank may raise interest rate in the future. The currency declined versus the euro.

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.



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