Canada — News Archive

    Archives

Canadian Dollar Trades Mixed Ahead of BoC

The Bank of Canada is expected to make a policy announcement today. However, with expectations that the central bank will stay the course, the loonie is trading mixed and somewhat rangebound today.

Canadian Dollar Flat, Can Potentially Go Lower

The Canadian dollar was little changed during Thursday’s quiet trading. The currency fell versus the US dollar intraday but is trading near its opening level currently. Falling prices for crude oil coupled with poor economic data from Canada suggest that the currency may go lower once trading recovers after the holiday in the United States.

Canadian Dollar Shows Better Performance

Today, the Canadian dollar fared better than yesterday, rising against the euro and paring initial losses versus the US dollar and the Japanese yen. Economic data released from Canada over Friday was mixed, giving the currency no particular edge.

Canadian Dollar Demonstrates Weak Performance

The Canadian dollar was attempting to rise against its US peer today but has almost erased its gains by now. The currency fell against its other major rivals, including the euro and the Japanese yen.

Canadian Dollar Down as Traders Wait for Fed Minutes

The Canadian dollar fell today against its major peers as the drop of crude oil prices continues to weigh on the currency. Additionally, traders were unwilling to buy risky currencies tied to economic growth ahead of the release of Federal Reserve policy meeting minutes.

Canadian Dollar Mixed Close to End of Trading

The Canadian dollar was mixed today, falling against the US dollar, rising versus the euro and staying flat against the Japanese yen.

Canadian Dollar Flat, Feels Pressure from Crude Oil

The Canadian dollar was little changed during Wednesday’s quiet trading. Markets in several countries, including Canada and the United States, are closed today due to holidays.

Canadian Dollar Regains Some Lost Ground

Canadian dollar is regaining some of the ground it lost yesterday. Thanks to slightly higher oil prices and some profit taking, the loonie is higher against its major counterparts.

CAD Drops vs. USD, Supported vs. Other Majors by Employment

The Canadian dollar fell more than 1 percent against the US dollar after the release of US employment data. The loonie performed better against its other most-traded peers as the employment report from Canada itself was also good.

Loonie Struggles After Scotiabank Forecast

Canadian dollar has been struggling recently in Forex trading, and the latest forecast from Scotiabank isn’t helping matters. With predictions for a weak loonie through 2017, the currency is once again heading lower.

Navigation

Menu