The Canadian dollar remained elevated on Friday after Tuesday’s report, which showed that the nation’s economy continued to grow. The currency ended the session flat versus its US peer.
October 31st, 2013 at 13:45
Canadian dollar is higher today, but more weakness could be on the way. For now, the loonie is gaining against its major counterparts as it appears that the economy is still in expansion mode, albeit at a slightly slower pace.
October 30th, 2013 at 2:37
The Canadian dollar was soft against its US peer as Bank of Canada Governor Stephen Poloz indicated that he will keep monetary policy accommodative for an extended period of time. The currency gained against the euro and the Japanese yen.
October 26th, 2013 at 12:36
This week was bad for the Canadian dollar as the central bank hurt the currency after it dropped its hawkish stance and refrained from mentioning plans for an interest rate hike.
October 25th, 2013 at 13:44
Yesterday’s announcement from the Bank of Canada continues to influence the loonie in trading. The Canadian dollar is still struggling today after the change in the central bank’s stance, and the language used to forecast the likely economic situation through 2015.
October 23rd, 2013 at 19:40
The Canadian dollar demonstrated a sharp drop today as the Bank of Canada left interest rates unchanged and, what is more important, dropped hints of eventual interest hike from its statement.
October 21st, 2013 at 17:43
Loonie is trading mixed today ahead of economic releases expected in the next few days. With the US jobs data due tomorrow, and with a report from the Bank of Canada due on October 23, there is a lot of speculation about what will be revealed at those times.
October 18th, 2013 at 20:06
The Canadian dollar fell a bit against its US peer today, but the drop was small and is likely to be nothing more than a minor correction. The currency also continued to decline against the euro and the Japanese yen, but the decline was nowhere near yesterday’s sharp slump.
October 18th, 2013 at 2:17
The Canadian dollar jumped against its US counterpart yesterday as temporary measures to avert default in the United States were taken. At the same time, the loonie slumped against other currencies, including the euro and, surprisingly, the Japanese yen. Today, the Canadian currency is trying to reverse yesterday’s moves.
October 17th, 2013 at 4:38
The Canadian dollar surged after US politicians reached a deal about raising the debt limit and ending the government shutdown. It was a huge relief after the prolonged period of uncertainty and riskier currencies profited from it.