The Canadian dollar was weaker today against most major currencies as the poor performance of the US economy had its negative impact on attractiveness of Canada’s currency to investors.
June 03rd, 2011 at 2:36
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.
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.
May 20th, 2011 at 22:51
The Canadian dollar weakened today against the US dollar and the Japanese yen after the reports showed that the inflation increased less than predicted and the core retail sales unexpectedly dropped. The currency advanced against the euro.
May 19th, 2011 at 2:47
The Canadian dollar gained today as stocks and commodities, including crude oil, rebounded, increasing demand for currencies tied to economic growth. The currency retreated against the euro.
May 13th, 2011 at 19:16
The Canadian dollar fell today, sliding for the third day versus the US dollar and the Japanese yen, as crude oil fell together with North American equities.
May 11th, 2011 at 5:19
The Canadian dollar extended its rally today, rising for fourth day against its US counterpart, as commodities, including crude oil, reversed the downward trend and rallied.
May 09th, 2011 at 18:34
The Canadian dollar advanced against the euro after Standard and Poor’s downgraded Greece’s credit rating, fueling concern that the nation may face default or even leave the Eurozone. The Canadian currency also rose against the US dollar and the Japanese yen.
May 04th, 2011 at 22:43
The Canadian dollar tumbled today as the decline of commodities and global stocks diminished appeal of currencies linked to economic growth, yet the Canadian currency may rebound if the employment reports this week would be favorable.
May 04th, 2011 at 3:53
Canada’s ruling party won majority in the Parliament, increasing confidence in the ability of Canada’s economy to sustain its growth, but that didn’t helped the Canadian dollar as the decline of global stocks outweighed the positive news.