Canada — News Archive

    Archives

Oil Gives Canadian Dollar a Bump

Canadian dollar is getting a bit of a bump against its major counterparts today, thanks in large part to higher oil prices. With oil prices gaining again, that is helping the loonie, and should provide some support for the economy, although more swings are likely.

Oil Drops, Stalling Loonie’s Rally

Oil prices are dropping today, stalling the rally the Canadian dollar has been seeing in recent days. Yesterday, the loonie reached the 79-cent mark against the US dollar, and some think that Canadian dollar could breach 80 cents in the coming weeks.

Loonie Down on Oil, Economic Cautions

Canadian dollar is mostly lower today, falling as concerns about the economy continue and as oil prices remain weak. Although oil is higher than it has been in a while, it is still down on the day, and there are worries about what that means for the Canadian economy.

Canadian Dollar Firms After BoC Meeting

The Bank of Canada left its interest rates unchanged during the Wednesday’s policy meeting. The decision made the Canadian dollar firmer, though it was unable to outperform its US rival.

Huge Gains of Crude Oil Benefit Canadian Dollar

Crude oil demonstrated big gains during the Tuesday’s trading session, and so did the Canadian dollar — the currency that is closely tied to crude.

Canadian Dollar Gains on Crude Oil Rally & Employment Data

The Canadian dollar rallied today, propelled higher by the amazing employment data and the rally of crude oil. The falling housing starts were unable to deter the currency from rising.

Canadian Dollar Slides, Attempts to Rebound

The Canadian dollar fell today after the nation’s trade balance worsened unexpectedly. The currency is trying to regain its footing with the help of crude oil rally.

Loonie Stays Mostly Lower in Currency Trading

Canadian dollar continues to head mostly lower today in currency trading on the FX market. Loonie saw a bit of a surge at the end of last week, but now the currency is settling back down.

Canadian Dollar Fails to Maintain Rally vs. US Dollar

The Canadian dollar attempted to rally against its US rival during the current trading session but has failed and is trading near the opening level right now. The currency was also flat against the Japanese yen but fell versus the euro.

CAD Rallies vs. USD, Less Successful Against Other Majors

The Canadian dollar rallied against its US counterpart after the dovish comments from the Federal Reserve’s head sent the greenback tumbling. The loonie had less success against its other major rivals due to the crash of crude oil prices.

Navigation

Menu