Canada — News Archive


Canadian Dollar Firm Despite Falling Employment

The Canadian dollar gained even though nation’s employment dropped last month. Other economic reports were good, though.

USD/CAD Recovers Lost Ground on Canadian Housing Price Index

The USD/CAD currency pair today recovered initially lost ground after the release of Canada’s housing price index data in the early American session. The pair had lost significant ground earlier in today’s session due to yield spread differentials that were much stronger than the impact of global oil prices on the loonie.

Canadian Dollar Surges Against US Dollar as Housing Data Exceeds Estimates

The Canadian dollar surged against the US dollar on Wednesday, as investors felt more optimistic in the wake of the best Canadian housing data in two months. The loonie also rose against the British pound following a fresh scandal within the British government, which hurt traders’ demand for the British currency.

USD/CAD Sinks to New Lows on Labor Market Reports

The US dollar today weakened against its Canadian counterpart after the release of upbeat Canadian employment data by Statistics Canada. The release of disappointing US non-farm payrolls report also contributed to the USD/CAD currency pair’s decline.

Canadian Dollar Gains Against US Dollar on Strong Oil Prices

The Canadian dollar was largely stronger against the US dollar for most of today’s session boosted by a rally in global oil prices as tracked by the West Texas Intermediate. The release of the US ADP employment change report boosted the USD/CAD currency pair slightly higher, but the loonie rallied again to erase most of the pair’s gains.

Canadian Dollar Declines Against US Dollar on Weak GDP Data

The Canadian dollar today declined against its US counterpart after the release of Canada’s GDP data for August causing the USD/CAD currency pair to hit new highs. Other releases from the US docket such as the consumer confidence index for October, which beat expectations, served to boost the US dollar against its Canadian peer.

Canadian Dollar Weakens Against US Dollar on BoC Rate Decision

The Canadian dollar today weakened against its US counterpart after the Bank of Canada announced that it would maintain interest rates at the current levels. The release of the US new home sales data, which exceeded market expectations also contributed to the USD/CAD currency pair’s rally.

Canadian Dollar Falls Sharply After Disappointing Macroeconomic Reports

The Canadian dollar fell sharply today after the release of macroeconomic reports, which turned out to be worse than analysts had anticipated. The drop of crude oil prices were also unfavorable to the currency.

Canadian Dollar Rallies on Back of Supportive Fundamentals

The Canadian dollar rallied today amid positive macroeconomic data, a rally of prices for crude oil, and hopes that the trade agreement with the United States can still be preserved.

Canadian Dollar Falls as Uncertainty About Trade Relations Grows

The Canadian dollar fell against its US counterpart on Tuesday as investors grew more uncertain about the future of the North American Free Trade Agreement. Lower expectations of an interest rate hike in Canada and positive economic data in the United States widened the gap between the loonie and the greenback today.