Canada — News Archive

Canadian Dollar Mixed After Employment Data

During Friday’s trading, the Canadian dollar demonstrated the same performance as most other currencies, rising against the US dollar and the Japanese yen while falling versus the euro. Domestic data was mixed, giving the loonie little help in finding direction.

Canadian Dollar Pushes Higher, Tracing Rally of Crude Oil

The Canadian dollar was strong today, rising against its US counterpart and erasing losses versus the euro. The rally of crude oil undoubtedly contributed to the currency’s strength.

Loonie Remains in Holding Pattern Against Major Counterparts

Canadian dollar is mostly in a holding pattern right now, keeping steady against most of its major counterparts. Even with oil prices getting a little bump today, the loonie is still mostly steady.

Crude Oil Fuels Rally of Canadian Dollar

The Canadian dollar gained for the fifth straight day against the US dollar and the Japanese yen today, carried higher by the rally of crude oil prices. The Canadian currency was unable to beat the surprisingly strong euro.

Loonie Continues to Gain Against Major Counterparts

Canadian dollar continues to gain against major counterparts today, heading higher as oil prices rise and as investors look to the announcement of the details for the Trans-Pacific Partnership.

Canadian Dollar Rallies for Second Day

The Canadian dollar gained for the second consecutive session on Thursday as the weakness of US dollar, the rally of crude oil and positive economic data supported the currency.

Canadian Dollar Ends Trading Little Changed

The Canadian dollar was falling against the US dollar while rising versus the Japanese yen and the euro on Friday. Yet by the end of the trading session the currency moved closer to the opening level, ending trading little changed against its major peers.

Canadian Dollar Remains Soft After Disappointing Retail Sales

The Canadian dollar dropped yesterday due to lackluster retail sales data. Today, the currency remains soft against other most-traded counterparts.

Canadian Dollar Fails to Rally

The Canadian dollar attempted to rally today but failed to do so against the US dollar and the Japanese yen, though it kept most of its gains versus the euro. There were two reasons for the underperformance: slowing inflation in Canada and the sharp drop of oil prices.

Canadian Dollar Weak Against Major Peers

The Canadian dollar was weak against its major counterparts today and was not able to rally even against the extremely soft US dollar. The most likely perpetrator responsible the currency’s decline was the drop of crude oil prices.



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