Canada — News Archive

Canadian Dollar Gains as BoC Puts Interest Rates on Hold

The Canadian dollar gained today, reaching the highest level since May 2013 against the euro, after the Bank of Canada refrained from changing its monetary policy. The rally of crude oil prices added fuel to the loonie’s upward movement.

Economic Reports from Canada Help Loonie

The Canadian dollar managed to erase losses against its US counterpart by the end of the Friday’s trading session with the help of positive domestic data. The currency even gained against the euro, reaching the highest rate since May 2013. The loonie also reduced losses versus the Japanese yen but was unable to erase them completely.

Oil Helps Canadian Dollar in Forex Trading

Canadian dollar is a little bit higher today, thanks in part to oil prices. Crude oil is on the rise again, and yesterday’s announcement of the merger between Shell and BG Group is having its effect as well.

Canadian Dollar Continues to Log Gains

Canadian dollar ended higher yesterday, and appears ready to continue logging gains against its major counterparts today. Loonie is mostly higher right now, although commodity market struggles could change the outcome later.

Canadian Dollar Gains on Greenback & Yen, Unable to Beat Euro

As most other currencies, the Canadian dollar gained on the US dollar today. The loonie also rallied versus the Japanese yen but was unable to beat the extremely powerful euro.

Canada’s GDP Shrinks, Canadian Dollar Unfazed

Canada’s economy shrank at the start of the current year as was demonstrated by today’s report from Statistics Canada. Yet in a surprising display of resilience the Canadian currency jumped after the report instead of falling.

Loonie Surges Along With Oil

Canadian dollar is heading higher today, thanks to a surge in oil prices. Crude is on the rise after the Saudi strikes in Yemen, and that is helping the loonie against its major counterparts.

Higher Oil Helps Canadian Dollar

Canadian dollar is getting some help today from higher oil prices. Dollar weakness has set in, and oil prices are moving higher, providing the loonie with a bit of an advantage.

CAD-Crosses Demonstrate Mixed Performance

Today’s economic data from Canada was mixed, resulting in varying performance of different CAD-crosses. The currency gained on the US dollar and the Japanese yen but dropped against the euro.

Loonie Continues Its Fall Against the Greenback

Canadian dollar is continuing its fall against the greenback today, heading lower than it’s been in years as Forex traders look forward to today’s Federal Reserve announcement. It’s also not helping matters that oil prices continue to fall.

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