Canada — News Archive


Canadian Dollar Mixed on October Jobs Report, Housing Fallout

The Canadian dollar is failing to rebound to kick off the trading week as the currency was stung by a disappointing October jobs report on Friday. The loonie was further hampered by slumping housing numbers. Is the Canadian economy at a standstill or is there room for growth?

Is NZD/CAD Preparing for 0.8514?

The New Zealand dollar versus the Canadian dollar currency pair is trying to rotate towards 0.8514.

Canadian Dollar Falls on Disappointing Exports, Lower PMI

The Canadian dollar is falling against multiple major currency rivals midweek, caused by disappointing trade numbers and a lower purchasing managers’ index (PMI) reading. The loonie, which has been one of the best-performing currencies in international markets, continues to lose its momentum as the year winds down.

Canadian Dollar Crashes Against US Peer on BoC Rate Decision

The Canadian dollar today crashed against the US dollar after the Bank of Canada announced its interest rate decision, which was widely interpreted as being dovish. The USD/CAD extended its gains as the price of crude oil fell to new lows taking down the loonie given Canada’s reliance on oil exports as a source of foreign income.

AUD/CAD Is Shaping a Diamond at 0.8918

The Australian dollar versus the Canadian dollar currency pair gives some signs of bottoming around the 0.8900 psychological level.

Canadian Dollar Flat As Investors Brace for Interest Rate Decision

The Canadian dollar is trading relatively flat against most competing currencies to kick off the trading week. After witnessing the August federal deficit come in larger than anticipated, investors are now waiting to see how the Bank of Canada (BOC) moves ahead with interest rates now that the general election is over and the Liberals have secured a minority government.

GBP/CAD Correcting from 1.6986

The Great Britain pound versus the Canadian dollar currency pair reached the important level of 1.6986, an area from where two outcomes are possible.

NZD/CAD Tries to Bottom and Head for 0.8514

The New Zealand dollar versus the Canadian dollar currency pair had the chance to make new lows, but, by failing, it got above a zone that could propel it towards new highs.

Canadian Dollar Weakens Amid Falling Retail Sales, Trudeau Minority

The Canadian dollar is weakening against several major currency pairs on Tuesday as investors comb through the latest retail sales report. The loonie’s slide also comes after Prime Minister Justin Trudeau secured a minority government following the recent federal election. With the electoral contest out of the way, traders will keep a focus on a central bank that refused to budge on interest rates before the election.

Would 0.9010 on AUD/CAD Allow Further Advancement?

The Australian dollar versus the Canadian dollar currency pair revisited the 0.9010 resistance level and now has to take a decision.