The Canadian dollar was closed flat against the US dollar and the Japanese yen as contradicting signals haven’t allowed the currency to establish a clear trend.
CAD Reaches Three-Year High vs. USD
July 22nd, 2011 at 3:58
The Canadian dollar reached yesterday the highest level in three years against the US currency, before retreating today, on the speculation that growing inflation in Canada and improving global economy will prompt the central bank to resume interest rates increases.
BOC Rate Statement Invigorates Loonie
July 19th, 2011 at 17:06
The Canadian dollar jumped today after Canada’s central bank held interest rates and signaled that it can resume its rates increases soon as economy improves.
Canadian Dollar Rebounds vs. Greenback on Stocks & Oil
June 28th, 2011 at 1:51
The Canadian dollar gained versus the US dollar today, after reaching yesterday the lowest level in more than three months, as crude oil slowed its decline and stock advanced.
Canada’s Dollar Fluctuates After Carney Statement
June 23rd, 2011 at 0:17
The Canadian dollar fluctuated after the dovish statement of the Federal Reserve and the speech of Mark Carney, Bank of Canada Governor. The speech of the Governor left mixed feelings, while the Fed statement was moderately negative for the currency.
US & Europe Drain Loonie’s Strength
June 16th, 2011 at 22:49
The problems of Europe still plague markets and the unfavorable reports showed that the US manufacturing weakened. The resulting shift of markets to risk aversion mode was negative to the Canadian dollar.
Canadian Dollar Weakens on GDP & Interest Rates
June 01st, 2011 at 5:16
The Canadian dollar fell today as the negative influence of the current account deficit and unchanged interest rates outweighed the positive influence of the growing economy. The currency advanced against the greenback, which was crippled by the bad economic reports from the US.
Canadian Dollar Heads for Weekly Decline on US Economy
May 27th, 2011 at 18:55
The Canadian dollar fell against most major currencies and headed for the fourth straight weekly decline against its US counterpart as the sings of the economic slowdown in the US, the biggest Canada’s trading partner, reduced appeal of the currency.
Canadian Dollar Rises as CPI Surges
April 19th, 2011 at 21:51
The Canadian dollar gained today after the report showed that the inflation growth was stronger than anticipated, renewing talks about possible interest rates hike on the next meeting of the central bank policy makers.
Loonie Falls as BOC Keeps Main Rate Unchanged
April 13th, 2011 at 2:10
The Canadian dollar slid after Canada’s central bank left its key interest rate unchanged and on concerns that strong currency may harm the nation’s economic growth. Currently the currency rose a little and moves sideway versus the euro and the US dollar.