Canada — News Archive

    Archives

Canadian Dollar Strengthens on Q3 GDP, Manufacturing PMI Growth

The Canadian dollar is strengthening against its US counterpart on Tuesday, buoyed by third-quarter economic growth and rebounding manufacturing activity. But the loonie’s rally was capped by sliding crude oil prices amid uncertainty over the Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+, regarding output in 2021.

GBP/CAD Closing In on the 1.7567 Resistance

The Great Britain pound versus the Canadian dollar currency pair seems to be on its way to the main objective of 1.7567. Long-term perspective After the false piercing of the 1.7567 resistance, noted by the 1.7674 high, the price dropped until the 1.6810 low. From there, an ascending movement took shape, as the series of higher lows and highs point out. The fact that the bulls are willing to — and apparently accomplishing — wipe out the sharp decline that […]

Canadian Dollar Strengthens as US Crude Tops $45, Biden Transition Formally Approved

The Canadian dollar is strengthening against its US peer on Tuesday as crude oil prices rallied to above $45. The loonie has surged by more than 1% this month, making the currency on track to erase its 2020 loss after stabilizing in the second half of the year. With soaring energy prices and a national economy recovering in the aftermath of the coronavirus pandemic, is the Canadian dollar setting itself up as the next top currency in 2021?

Canadian Dollar Rallies on Surging Oil Prices and Retail Sales Data

The Canadian dollar today rallied against its US peer boosted by the global crude oil prices kept rising and were on track to close higher for the week. The USD/CAD currency pair fell for the third consecutive session as the loonie rallied following the release of upbeat Canadian retail sales data for September.

Next Target on GBP/CAD: 1.7445?

The Great Britain pound versus the Canadian dollar currency pair seems to be determined to reach 1.7445. Can the bears change this course?

Canadian Dollar Strengthens Despite Higher-Than-Expected Inflation

The Canadian dollar is strengthening against its US currency peer on Wednesday, despite price inflation coming in higher than the market forecast. Although the loonie has fallen against the greenback this year, the Canadian dollar has been making gains in recent months, allowing the currency to stabilize after enormous volatility in the first half of 2020.

Bulls Fail to Conquer 1.7285 on GBP/CAD?

The Great Britain pound versus the Canadian dollar currency pair seems to be having trouble climbing.

Canadian Dollar Rallies Against US Peer Despite Weak Jobs Data

The Canadian dollar today rallied against its US peer as the US Presidential election continued to weigh on the greenback overshadowing the positive jobs data. The USD/CAD currency pair today fell to new 10-week lows as the loonie got an edge against the greenback as Joe Biden secured a significant lead over incumbent President Donald Trump.

Can Bulls Still Conquer 1.7445 on GBP/CAD?

The Great Britain pound versus the Canadian dollar currency pair still has the potential to pull off an appreciation. But will the bears let that happen?

CAD Surges on Sharp Oil Prices Rebound, Strong Manufacturing PMI

The Canadian dollar was the strongest currency on the Forex market on Monday. The reason for the currency’s impressive performance was primarily the sharp bounce of crude oil prices, though Canada’s macroeconomic data was also supportive of the loonie.

Navigation

Menu