Canada — News Archive


Canadian Dollar Rallies on Inflation Report, Crashes on BoC Rate Decision

The Canadian dollar today rallied against its US counterpart in the first half of today’s session driving the USD/CAD to its daily lows boosted by in-line inflation figures. However, the currency pair quickly reversed course after the Bank of Canada announced its rate decision, which was interpreted as being very dovish.

Is GBP/CAD Sill Aiming for 1.7811?

The Great Britain pound versus the Canadian dollar currency pair had not yet started the journey towards 1.7811. Is the price just gathering more energy for a new leap or is it just that there isn’t enough bullish optimism left?

NZD/CAD Still Aiming for 0.8514

The New Zealand dollar versus the Canadian dollar currency pair is very consistent in its determination of reaching 0.8514 once more.

AUD/CAD Trying to Keep the Gains at 0.9010

The Australian dollar versus the Canadian dollar currency pair seems to be in a bullish profile. But is it really so?

CAD Mixed on Amazing Employment Data, Falling Crude Oil

The Canadian dollar did not show a clear trend today, being under the influence of mixed fundamentals. Domestic employment data was surprisingly good but the drop of crude oil prices was weighing on the currency.

US Dollar Mixed Amid Soft December Jobs Report

The US dollar is mixed against its currency rivals at the end of the trading week, buoyed by a tepid jobs report that fell short of the market forecasts. The December labor report suggested that job creation may be tapering off in a robust economy.

Loonie Extremely Weak on Negative Housing Data & Oil Prices

The Canadian dollar was among the weakest currencies today, dragged down by negative domestic housing data. Both housing starts and building permits fell unexpectedly. The falling prices for crude oil, Canada’s biggest export, were weighing on the currency as well.

GBP/CAD Could Prepare for 1.7811

The Great Britain pound versus the Canadian dollar currency pair seems to have limited the bearish attempts to further induce a depreciation.

Canadian Dollar Weakens on Falling Crude Prices, Disappointing Exports

The Canadian dollar is weakening against multiple currency rivals midweek as energy prices are hitting the loonie. President Donald Trump confirmed that Iran is “standing down” in the intense Middle East conflict, sending futures plunging. The loonie was also impacted by disappointing export data. Despite being one of the top-performing G20 currencies, the Canadian dollar has had a rough start to 2020.

Loonie Shows Good Performance Despite Adverse Fundamentals

The Canadian dollar fared rather well today, rising against other most-traded currencies or at least staying flat against them. The notable exceptions were the US dollar and the Japanese yen. Losses versus the strong greenback were especially big. But overall, the loonie showed a rather decent performance considering negative macroeconomic data and falling prices for crude oil.