The Canadian dollar gained today with the help of rising oil prices as well as yesterday’s speech from the central bank’s chief that made traders reevaluate chances for an interest rate cut.
Crude Oil — News Archive
February 25th, 2015 at 21:50
February 20th, 2015 at 11:35
Canadian dollar was losing ground to its major counterparts earlier, but now the loonie has bounced back a bit. Speculation about the eurozone, along with concerns about what’s next for the US dollar, not to mention the results of profit taking, are helping the Canadian dollar inch a bit higher.
February 13th, 2015 at 18:06
The Canadian dollar went higher today with the help of better-than-expected macroeconomic data from Canada as well as due to the rally of crude oil prices. It was the second consecutive daily gain against the US dollar and the euro.
February 11th, 2015 at 22:12
The Canadian dollar dropped today, declining for the second consecutive session against its US counterpart and the euro, following the slump of prices for crude oil — the major Canada’s export commodity. The loonie is trying to hold ground though, and the currency trimmed its losses as of now.
February 10th, 2015 at 19:40
The Canadian dollar dipped today because of the risk-negative sentiment prevalent on the Forex market as well as due to the drop of crude oil prices. The loonie, as most other currencies, attempted to rally against the Japanese yen at the beginning of the current trading session but failed and trades below the opening level as of now.
February 04th, 2015 at 19:01
The Canadian dollar dropped against its major counterparts today, erasing yesterday’s gains. The currency dropped as prices for crude oil declined while concerns about global growth resulted in the market sentiment that was adverse to riskier commodity-related currencies.
February 03rd, 2015 at 17:50
The Canadian dollar gained against safe currencies, namely the US dollar and the Japanese yen, today. The currency also trimmed its losses versus the euro though remained below the opening level against the shared 19-nation currency.
January 29th, 2015 at 22:54
The Canadian dollar dropped to the fresh lows against its US peer during the Thursday’s session and also fell against some other majors including the euro. The currency has plenty of reasons for its weakness, both domestic and global.
January 23rd, 2015 at 11:37
Loonie continues to fall against the greenback, even though oil is a little bit higher today. The Canadian dollar is doing better against European currencies, though.
January 14th, 2015 at 13:17
Oil prices continue to pull on the Canadian dollar today, bringing it down against the US dollar to a level not seen since 2009. Loonie is likely to continue to fall further, as long as the oil slide is in effect.