canadian dollar

Getting ready for important events In this review, we suggest to consider the British pound against the Canadian dollar. Is the GBPCAD quotation growth possible? Such dynamics are observed with the weakening of the Canadian dollar and the strengthening of the British pound. The main positive...

Declining oil prices may weaken the Canadian dollar In this review, we suggest considering the personal composite instrument (PCI) CAD_Index – “CAD Currency Index”. It falls when the Canadian dollar weakens against the other major currencies. Is there a possibility for CAD_Index prices to...

Once again the Canadian Dollar is firming versus the USD, challenging parity with the greenback. Looking at the chart (below) there is a distinct channel starting from June 4th when the USD made a high of 1.0445 versus the loonie. From initiation of the channel we have a succession of C$...

With the US Supreme Court decision on Obamacare expected to dominate the (US) news cycle, major corporations chose yesterday to unload some bad news. For JP Morgan Chase, it now appears the London whale's loss will tally up to $9B. Some of these derivative trades are like Hotel California...

Canada’s dollar strengthened to the highest level in more than three weeks as crude oil rose above $61 a barrel and investors speculated more corporate earnings will top estimates. “The Canadian dollar is trading with a stronger tone,” said Shane Enright, a currency strategist in Toronto at...

Canada’s dollar fell to the lowest in almost seven weeks against its U.S. counterpart as commodities such as crude oil and copper declined, diminishing the appeal of currencies linked to raw materials. “The Canadian dollar continues to be pressured by lower crude oil prices,” said Michael...

Canada’s dollar fell to the lowest level in almost two weeks as U.S. equity futures dropped, crude oil weakened and the greenback climbed on speculation the Federal Reserve will raise interest rates by year-end as the U.S. economy recovers. “Everything is down against the U.S. dollar,” said...

Steven Barrow three months ago predicted Canada’s dollar would weaken 11 percent against the greenback from its four-year low of C$1.3064 as policy makers considered printing money to kick-start the world’s eighth- largest economy. Barrow, Standard Bank Plc’s head of research for Group of 10...

Canada’s dollar rose to the highest in more than seven months as investors shunned the U.S. greenback in favor of currencies most likely to benefit from a rebound in global economic growth. The Canadian dollar posted its biggest weekly gain since October as currencies of countries that...

Canada’s dollar fell from the highest level since January before results this week of U.S. financial stress tests and reports on American and Canadian labor markets. The Canadian currency dropped 0.2 percent to C$1.1877 per U.S. dollar at 8:27 a.m. in Toronto, from C$1.1852 last week. It...

Canada’s dollar strengthened on speculation the worst of the global recession may be over, spurring investors toward such riskier assets as stocks and commodity currencies. The Canadian currency rose 0.9 percent since March 27, its third weekly advance in four, as U.S. job losses last month...

Canada’s currency will return to par with its U.S. counterpart in as little as six months as commodity prices rebound, pessimism peaks and the nation’s political turmoil abates, according to Dennis Gartman. “I can feel myself getting ready to be quite bullish on the Canadian dollar,” said...

Canada’s currency may extend its biggest annual decline on record, as tumbling crude prices hobble foreign investment in the country’s oil patch, according to the world’s biggest strategists and economists. The Canadian dollar fell 18 percent this year as a global recession cut demand for...

Canada’s currency fell for the first time in three days after the U.S. Senate blocked a bailout for General Motors Corp. and Chrysler LLC, pushing the U.S. currency higher and crude oil back below $45 a barrel. “News about the automakers is not good for Canada or for the Canadian dollar,”...