The Canadian dollar rose today as May’s retail sales beat forecasts, giving hope that the nation’s economy will continue to improve and policy makers will raise interest rates eventually.
July 19th, 2013 at 23:23
The Canadian dollar was mixed after inflation report on Friday. The currency rose against the US dollar, fell against the euro and closed flat versus the Japanese yen.
July 18th, 2013 at 21:32
The Canadian dollar advanced today on hopes that signs of economic growth will encourage policy makers to become bolder and reduce monetary accommodation, the move that they were promising for a long time.
July 17th, 2013 at 20:05
The Canadian dollar fell today as Bank of Canada Governor Stephen Poloz kept interest rates unchanged and released a policy statement that was definitely less hawkish than statements of the previous central bank’s head Mark Carney.
July 17th, 2013 at 2:28
The Canadian dollar rallied against its US peer yesterday on speculations that the Federal Reserve is going to tamper stimulus, but retreated a little today. The currency erased losses versus the Japanese yen, while staying little changed against the euro.
July 15th, 2013 at 21:32
The Canadian dollar declined today, trimming last week’s huge gains against the greenback, as US retail sales missed forecast, worsening prospects for Canadian exports.
July 11th, 2013 at 13:34
Canadian dollar is getting a boost today as Ben Bernanke indicates that more stimulus is coming for the US economy. With the news that Fed tapering will likely be later rather than sooner, the loonie is seeing some sharp improvement against the greenback.
July 09th, 2013 at 13:24
Canadian dollar is finding support in recent economic data today. Loonie is up against its major counterparts, including the greenback, as better news out of Canada supports the currency, and as a touch of risk appetite provides demand for yield.
July 05th, 2013 at 16:54
The Canadian dollar gained today as the employment report came out better than was expected. The currency remained soft against the US dollar as employment data from the United States was good too.
July 04th, 2013 at 2:38
The Canadian dollar climbed as crude oil, the major Canada’s export, advanced above the psychologically important $100 level, improving prospects for the Canadian economy and increasing the appeal of the nation’s assets. The currency weakened against the Japanese yen though.