Bank of Canada — News Archive

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.

USD/CAD Falls as Global Economy on Track to Recovery

The Canadian dollar climbed against its US counterpart yesterday and extended the rally today on signs of the global economic recovery. The currency also advanced versus the euro, though retreated a little today, while against the Japanese yen Canada’s dollar was falling.

Loonie Lower on Greenback Strength

Canadian dollar is weaker today, heading lower as the US dollar shows strength, and as commodities fall back. Today, it’s not a lot about economic data — including trade data — and more about larger trends for the future. With expectations of a US economic recovery picking up the pace, the greenback is gaining the upper hand.

Canadian Dollar Jumps as BoC Maintains Rate, Sees Signs of Stabilization

The Canadian dollar advanced today versus the US dollar and the Japanese yen, rising for the second day, after the Canada’s central bank maintained its overnight rate at the previous level. The currency was down against the euro.

Canadian Dollar Rises Ahead of BoC Monetary Policy Meeting

The Canadian dollar rose yesterday and is keeping its gains today as analysts predict that Canada’s central bank will keep its main interest rate unchanged at today’s monetary policy meeting.

Canada’s Dollar Weakens as Growth of Retail Sales Slows

The Canadian dollar fell against its US counterpart today after Canadian retail sales slowed, hinting that Canada’s economy has problems that may slow economic growth. The currency was higher versus the yen.

Traders Again Willing to Risk, Benefiting Canada’s Dollar

The Canadian dollar advanced today as the prices for crude oil rose and stocks gained after risk appetite reemerged on markets and traders again became interested in riskier assets.

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