The Canadian dollar jumped yesterday and so far has kept its gains today as stocks and commodities advanced on speculation that the Federal Reserve will maintain its interest rates record low for prolonged time.
S&P/TSX — News Archive
Loonie Rallies as US Economy Shows Signs of Recovery
December 22nd, 2011 at 17:15
The Canadian dollar advanced for the third day against the US currency and for the fourth straight session versus the euro and the Japanese yen as the signs of the economic recovery in the United States eased the pessimism caused by the problems in Europe.
Traders Again Willing to Risk, Benefiting Canada’s Dollar
December 21st, 2011 at 0:17
The Canadian dollar advanced today as the prices for crude oil rose and stocks gained after risk appetite reemerged on markets and traders again became interested in riskier assets.
Canadian Dollar Rises as Economies of USA & Canada Improve
December 16th, 2011 at 3:04
Canada’s dollar continued to rise today, following yesterday’s advance, on the signs that the economy of the United States is improving, while the economy of Canada itself also shows signs of recovery.
European Crisis Continues to Hammer Down Canadian Dollar
December 15th, 2011 at 3:10
The Canadian dollar continued to fall as the concerns for Europe continued to intensify. The indecisiveness of the European governments makes investors ask whether the politicians have ability and willingness to address the region’s issues or they would allow the European Union to fall apart.
Loonie Weakens as Fed Doesn’t Announce QE3
December 14th, 2011 at 3:24
The Canadian dollar fell yesterday and remained weak today after the US Federal Reserve refrained from performing another round of quantitative easing, supporting the US currency. The negative sentiment about Europe also continues to put downward pressure on Canada’s currency.
Canada’s Dollar Rallies to Two-Month Record vs. Euro
November 29th, 2011 at 21:14
The positive sentiment is still present on markets, allowing the Canadian dollar to rise, reaching the highest level since September against the euro.
Canadian Dollar Falls as Sentiment Shifts to Pessimism
November 15th, 2011 at 7:06
The Canadian dollar extended its yesterday’s decline today as the returning concerns about the debt problems in the European Union made traders shun riskier currencies.
USD/CAD Lower, EUR/CAD Higher as European Situation Improves
The Canadian dollar advanced against the US currency and weakened against the euro as the situation in Europe showed signs of improvement, boosting attractiveness of commodity currencies.
CAD Heads Down as Italy Removes Risk Appetite from FX Market
November 09th, 2011 at 21:15
The Canadian dollar was weaker today as the unfolding situation with the Italian debt decreased appetite for risk among participants of the Forex market.
