EUR/CAD — News Archive

Bank of Canada Makes Surprise Interest Rate Cut, CAD Tumbles

The Bank of Canada surprised the market by cutting interest rates today. The Canadian dollar tumbled, falling more than 1 percent, as a result. The drop was especially big against the US dollar as the Canadian currency reached the lowest level since March 2009.

Canadian Dollar Follows Crude Oil Prices

The Canadian dollar sank during Tuesday’s trading but bounced to trade basically flat against its major peers. The moves of the currency followed the moves of crude oil prices after the Iranian nuclear deal was announced.

Loonie Drops vs. Greenback, Gains on Euro & Yen

The Canadian dollar dropped against its US peer on Monday as the news about the Greek bailout deal did not prevent the greenback from rallying. The loonie was stronger against other currencies, including the euro and the Japanese yen.

Canadian Dollar Supported by Employment Data

The Canadian dollar leaped against the US dollar and the Japanese yen (though fell versus the euro) after the release of employment data from Canada. While the report was not good strictly speaking, it was not as bad as economists had feared.

Canadian Dollar Extends Monday’s Losses

The Canadian dollar extended its drop today, touching the lowest level since March against the US dollar and falling 1 percent versus the Japanese yen. At the same time, the loonie gained on the euro, though it trimmed most of initial gains.

Canadian Dollar Sinks Together with Oil Prices

The Canadian dollar sank today against other major currencies, even the very soft euro, as crude oil prices demonstrated huge losses during Monday’s trading.

Canadian Dollar Follows Crude Oil in Slump

The Canadian dollar dropped against other major currencies during Friday’s trading. Unlike in the case of the Great Britain pound, the reason for the drop was rather obvious — the big slump of crude oil prices.

Canadian Dollar Sinks with Oil Prices

The Canadian dollar sank yesterday and retained its losses today due to the drop of crude oil prices. Crude declined as the complicated situation with Greece deterred traders from buying commodities.

Loonie Loses Ground After Ending Last Week Strong

Canadian dollar ended last week on a strong note, but the currency is mostly lower today as a new week gets under way. Forecasts expect to see the loonie weaken through the rest of 2015.

Canadian Dollar Leaps as Employment Data Supports

The Canadian dollar made a huge leap higher today after the release of amazingly good employment data from Canada. The currency was able to outperform the US dollar, which itself had been bolstered by employment data from the United States.



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