Bank of Canada — News Archive


Loonie Struggles to Regain Ground, Likely to Fall Further

Loonie is struggling to regain some of the ground it lost in earlier trading against the greenback. However, there isn’t a lot to support the Canadian dollar right now, and so it is expected to continue to struggle. The Canadian dollar is expected to perhaps drop as far as 85 cents against the US dollar by the middle of 2014.

CAD Reaches Record Multi-Year Lows During the Week

The Canadian dollar slid this week as the Bank of Canada left its hawkish stance and may even lower interest rates. Wide-spread risk aversion on the Forex market added to the losses of the currency.

Bank of Canada Sends CAD to New Multi-Year Lows

The Canadian dollar sank today, dropping to new multi-year lows versus the US dollar and the euro, after the central bank maintained its key overnight rate unchanged and signaled that an interest rate cut is possible.

Canadian Dollar Weaker Ahead of BoC Meeting

The Canadian dollar dropped yesterday, falling below 1.10 against the US dollar for the first time in more than four years, and retained its weakness today. Traders were largely pessimistic about the currency ahead of the central bank’s meeting and fundamentals did not help to alleviate this sentiment.

Is the Weak Loonie Helping the Canadian Economy?

The Canadian dollar continues to weaken in Forex trading, but not everyone is upset about that. There are some who think that the weaker loonie could be a help to the Canadian economy.

Canadian Dollar Inches Higher Against Its Major Counterparts

Canadian dollar is inching higher against its major counterparts, gaining ground as Forex traders consider their positions, and as the situation changes for the currency. Loonie is finding a little support ahead of next week’s BoC meeting, but general weakness is likely to remain.

Cautious Optimism Not Enough to Sustain Loonie

The Canadian dollar got a little bump on Monday, following the release of the Bank of Canada’s business outlook survey. However, the small gains were short-lived as economic realities and monetary policy divergence send the loonie lower against most majors today.

Loonie Slides to Three-Year Low

The Canadian dollar hit a three-year low against the US dollar today, thanks in large part to signs of economic recovery in the United States and the continued divergence of monetary policies between the United States and Canada.

Loonie Lower as Canada Enters the Depreciation Fray

Over the past few years, a number of currencies have done what they can to weaken a bit in order to stimulate economies and gain an edge in global trading. Now it appears that Canada is ready to play that game, and the loonie is lower as a result.

Loonie Gets Boost on Final Day of 2013

Loonie is finally getting a boost today, ending a rather lackluster year on a high note. Canadian dollar has seen its strength leak away over the course of 2013, and many believe that parity with the US dollar is gone for quite some time.