EUR/CAD — News Archive

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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.

Canadian Dollar Continues to Struggle as Oil Prices Drop

Canadian dollar is lower today, as oil prices resume their drop. North American stock indexes are also lower, which is weighing on the loonie as well. With the Canadian economy struggling a little bit because of oil, it’s little surprise that the loonie continues to exhibit weakness against its major counterparts.

Canadian Dollar Dragged Down by Crude Oil, Attempts to Recover

The Canadian dollar went lower against its major counterparts, the US dollar in particular, tracking the decline of crude oil. The currency is attempting to recover right now.

Canadian Dollar Surges After Fed

The Canadian dollar demonstrated a strong rally today, joining other currencies that have gained on the US dollar. There were several reasons for the rise: the Federal Reserve policy announcement, rising crude oil prices and solid manufacturing sales in Canada.

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