The Canadian dollar fell today as concerns about the sovereign-debt crisis in Europe sapped demand from growth-related currencies. The loonie erased its losses versus the US dollar.
Loonie Falls as BOC Keeps Main Rate Unchanged
April 13th, 2011 at 2:10
The Canadian dollar slid after Canada’s central bank left its key interest rate unchanged and on concerns that strong currency may harm the nation’s economic growth. Currently the currency rose a little and moves sideway versus the euro and the US dollar.
Canada’s Currency Becomes Stronger as Crude Oil Advances
April 08th, 2011 at 22:40
The rally of commodities, including crude oil that jumped above $113 per barrel price, allowed the Canadian dollar to advance against its US counterpart and to post weekly gains for the third consecutive week. Canada’s currency weakened against the euro.
Canada’s Currency Rises as Global Recovery Quickens
April 06th, 2011 at 21:50
The Canadian dollar climbed to the highest level in more than three years against its US counterpart as the recovery of the global economy gains momentum and the rally of raw materials increases demand for growth-related currencies. The currency slipped versus the euro.
Loonie at 3-Year High Against Greenback
April 02nd, 2011 at 0:57
The Canadian dollar gained for the fifth consecutive session against its US peer, reaching the highest level in more than three years, as the employment in the US, the biggest trading partner of Canada, improved and crude oil, the main nation’s export, advanced.
Canadian Dollar Moves Higher with Crude Oil Prices
March 28th, 2011 at 23:16
The Canadian dollar rose today versus all other 16 major currencies as concerns about supplies pushed crude oil, the main Canadian export, closer to the 30-month record.
Canadian Dollar Gains vs. Euro, Loses vs. Dollar
March 25th, 2011 at 20:09
The Canadian dollar dropped versus its US counterpart as the economy of the US continued to show a robust economic growth. The loonie gained against the euro as the European Union summit hasn’t eased the concern about Europe’s debt problem.
Canadian Dollar Knocked Down by Retail Sales
March 23rd, 2011 at 0:54
The Canadian dollar weakened against its US peer as the report showed that the retail sales in Canada unexpectedly decreased for the second month.
Canadian Dollar Gains as Crude Oil Rises
March 22nd, 2011 at 0:40
The Canadian dollar went up as the renewed concern that the tensions in Libya, as well as in the other countries of the region, will disrupt supplies of crude oil bolstered the commodity.
Canadian Dollar Climbs vs. Yen on Intervention
March 18th, 2011 at 20:57
The Canadian dollar surged today against the Japanese yen the most in 10 months after the nations of Group of Seven, including Canada agreed to intervene in order to weaken the Japanese currency. The Canadian currency fell versus the euro and fluctuated against the US dollar.
