The Canadian dollar continues to weaken. Evidence of economic slowing is weighing on the loonie, and there is speculation that the Bank of Canada will decide to cut interest rates at some point in the near future in order to stimulate the economy a bit.
November 19th, 2013 at 22:04
The Canadian dollar fell today despite the rally of crude oil — the major export of Canada. The currency dropped as prospects for global growth worsened.
November 19th, 2013 at 2:43
The Canadian dollar was little changed yesterday, supported by risk appetite of Forex traders, but is falling today on concerns that this week’s reports from Canada will not be good.
November 15th, 2013 at 15:23
The latest home sales data is weighing on the Canadian dollar right now, contributing to its losses right now. Earlier, the loonie had been gaining ground on the prospect of continued stimulus in the United States, but there is enough doubt about the Canadian economy moving forward, and enough concern about the US economy that the loonie is heading lower.
November 14th, 2013 at 2:36
The Canadian dollar rallied against its US counterpart yesterday and remained strong today on prospects for prolonged monetary stimulus from the Federal Reserve. The currency also rose against the Japanese yen, but was flat against the euro.
November 12th, 2013 at 4:05
The Canadian dollar demonstrated a mixed performance today, falling against its US counterpart, rising versus the Japanese yen and staying flat against the euro.
November 09th, 2013 at 1:35
The Canadian dollar ended Friday lower against its US peer because of unexpectedly good non-farm payrolls, but rose against most other major currencies thanks to Canadian employment data that was positive too.
November 05th, 2013 at 1:42
The Canadian dollar was soft at the start of this trading week as crude oil slid, endangering the export-oriented economy of Canada. The currency attempted to recover against its US peer, but failed and remained weak against other major counterparts too.
November 02nd, 2013 at 4:33
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.