There is speculation that the Canadian dollar is strong enough now that a rate hike from the Bank of Canada could come sooner than expected. The news is helping the loonie against its European counterparts.
May 14th, 2015 at 19:07
The Canadian dollar fell against other majors during the current trading session, largely due to the drop of crude oil prices. The currency fell even against the US dollar despite the earlier rise to the highest level since January.
May 13th, 2015 at 10:31
Oil is rallying, and that is helping the Canadian dollar in Forex trading today. Loonie is mostly higher against its major counterparts.
May 11th, 2015 at 10:50
Canadian dollar is lower today, thanks in large part to concerns over the employment situation and the economy. However, it’s also not helping that oil prices still aren’t recovering quite as much as some would like.
May 05th, 2015 at 10:45
Canadian dollar is heading a little bit higher today against some currencies, gaining ground as oil improves and as worries that the Bank of Canada will cut its rates further subside a little bit.
April 29th, 2015 at 10:59
Canadian dollar is weaker today, following yesterday’s somewhat surprising surge. There are some factors supporting the loonie in the short to medium term, so the currency might get another chance later.
April 27th, 2015 at 10:35
Canadian dollar continues to rally today, heading higher against its major counterparts. Even with slightly lower oil prices, the loonie is heading higher, continuing its rally from last week.
April 21st, 2015 at 16:49
The Canadian dollar dropped today as fundamentals were unfavorable to the currency. Among the negative factors were domestic macroeconomic data, the general market sentiment and the drop of crude oil.
April 17th, 2015 at 19:31
The Canadian dollar rallied earlier during the current trading session, hitting the two-year high versus the euro, with the help of favorable economic data from Canada. Yet the loonie was unable to keep gains and is now trading far below the opening level against other majors.
April 16th, 2015 at 22:43
The Canadian dollar rose today, climbing to the highest level in almost three months against its US counterpart and the Japanese yen, as poor economic data from the United States and the rally of crude oil prices played in favor of commodity currencies.