Canada — News Archive


Canadian Dollar Flat As Oil Slumps, Manufacturing Rebounds

The Canadian dollar is trading flat against its G10 currency rivals at the end of the holiday-shortened trading week. The loonie has been gaining against several of its counterparts over the last week, despite an influx of disappointing economic data. With energy prices firmly rebounding and the investors selling the US dollar, could the Canadian dollar have a strong second half?

Bulls on GBP/CAD Trying Their Best from 1.6800

The Great Britain pound versus the Canadian dollar currency pair seems not to be willing to go beneath 1.6724. Can the bulls put the double bottom formation to their use?

Canadian Dollar Strengthens on Better-Than-Expected April GDP

The Canadian dollar is strengthening on Tuesday after the economy’s April contraction was better than what the market had initially forecast. The loonie is also finding support in housing data, as well as investors exiting its American counterpart. The Canadian dollar will finish the month higher against the greenback.

Bulls Back on GBP/CAD from 1.6868?

The Great Britain pound versus the Canadian dollar currency pair rejected the 1.6868 intermediary support level. Is this a valid bullish sign?

Canadian Dollar Mixed As BoC Warns of ‘Prolonged and Bumpy’ Recovery

The Canadian dollar is trading mixed on Tuesday after the central bank warned that the economy faces a “prolonged and bumpy” recovery that might require additional fiscal and monetary stimulus tools. The loonie is finding support in rallying crude oil prices that have enjoyed multi-month highs after sliding below zero in April.

Canadian Dollar Flat As Retail Sales Collapse in April, Finds Support in Crude

The Canadian dollar is trading relatively flat against many of its currency competitors to finish the trading week. The latest economic data showed just how severe the coronavirus pandemic lockdown was to the Great White North, but the increase in crude oil prices helped limit any of the loonie’s losses.

Rising Wedge on GBP/CAD from 1.6868

The Great Britain pound versus the Canadian dollar currency pair might be in the process of forming a rising wedge. Are the bulls ready to give up?

Canadian Dollar Falls on US Equities Rally, Later Rises With Oil Prices

The Canadian dollar today lost ground against the US dollar amid investor optimism about the unprecedented V-shaped stock market recovery going on in the US. The USD/CAD pair rallied higher as traders remained sceptical that the oil output cuts extended by the OPEC cartel and its allies would stabilise oil prices.

Canadian Dollar Rallies on Jobs Report and Oil Prices, Ignores US Data

The Canadian dollar today extended its rally against the US dollar after the release of surprisingly good employment data for May. The USD/CAD currency pair fell even though the US economy reported better than expected jobs numbers.

First Bullish Attempt on GBP/CAD Fails at 1.6988

The Great Britain pound versus the Canadian dollar currency pair is maintaining its descending course. Are the bears back for good, at least from the medium-term perspective?