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Canadian Dollar Weakens Ahead of BoC Policy Meeting

The Canadian dollar was falling today, though the losses were relatively small. The major theme for the currency this week will be the monetary policy meeting scheduled by the Bank of Canada on Wednesday.

Falling Oil Prices Put Pressure on Loonie

Canadian dollar continues to weaken today, thanks in large part to the fact that oil prices are falling. Oil is below $30 a barrel, and the loonie hit its lowest level in 13 years in earlier trading.

Canadian Dollar Struggles to Keep Gains

The Canadian dollar was struggling to hold onto earlier gains today but had troubles to fight against adverse fundamentals that were trying to drag the currency down. Intraday, the loonie touched new multi-year lows versus the US dollar and the Japanese yen.

Loonie Gets a Little Help from Oil Prices

Loonie is getting a little help today in currency trading on the FX market. Canadian dollar is a little higher as North American markets are set to open a little higher, and as oil prices inch up.

Tumbling Crude Oil Prices Drag Canadian Dollar Along

The Canadian dollar dropped today against its major counterparts, dragged down by falling prices for crude oil. The general risk-negative sentiment on the currency markets added to the weakness of the loonie.

CAD Falls to Record Low Since 2003 vs. USD

The Canadian dollar fell to the lowest level in more than a decade against the US dollar during the Wednesday’s trading session. The currency was also lower against other major peers, hurt by both domestic and overseas news.

Loonie Drops, Even with Higher Oil Prices

Canadian dollar is heading lower today, despite the fact that oil prices are finally on the rise again. With so much risk aversion, the loonie is down in large part due to a desire to shore up with safe haven currencies as the markets struggle.

CAD Gains for Second Day vs. USD & JPY

The Canadian dollar rallied today, rising for the second day against the US dollar and the Japanese yen, thanks to the jump of crude oil prices and encouraging domestic macroeconomic reports.

Canadian Dollar Continues to Follow Crude Oil Prices Down

The Canadian dollar ended the Friday’s trading session flat against its US counterpart. The loonie dropped against other major currencies, falling to the lowest level in three months versus the Japanese yen.

Loonie Heads Higher as Oil Prices Surge

Canadian dollar is heading higher today, gaining ground as oil prices surge. The chance for oil prices is producing gains for the loonie against its major counterparts.

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