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Canadian Dollar Posts Gains As Investors Brace for Tense NAFTA Talks

The Canadian dollar, which enjoyed its biggest weekly gain since April last week, is posting modest gains on Monday as investors are bracing for a week of tense North American Free Trade Agreement (NAFTA) talks. Officials are being pressed to reach a deal, especially with Mexico’s president-elect about to take office and the US holding midterm elections in November. Traders feel that the added pressure might lead to a conclusion, […]

Canadian Dollar Poised for Biggest Weekly Gain Since April

The Canadian dollar weakened on Friday, but the loonie is still on track for its biggest weekly gain in about five months. The currency recorded gains on surging oil prices, but they were capped on reports that the US and Mexico might exclude Canada from a trade deal, especially with the month-end deadline on the horizon.

Canadian Dollar Strengthens on Renewed NAFTA Talks, Capped by Housing Data

The Canadian dollar is strengthening against its US counterpart on Tuesday after officials confirmed that they are extending talks to renegotiate the North American Free Trade Agreement (NAFTA). The latest reports suggest that American trade representatives are encouraging Ottawa to open up its market and modify its protectionist systems that have been in place for decades.

Canadian Dollar Falls on Weak Employment Data Amid Strong NFP

The Canadian dollar today fell significantly against its US counterpart following the release of the latest Canadian employment data, which missed expectations. The USD/CAD currency pair was also boosted by the resurgent greenback, which was fueled by the upbeat US nonfarm payrolls report released at the same time.

Canadian Dollar Stumbles to Six-Week Low on Trump-NAFTA Remarks

The Canadian dollar stumbled to its lowest level in six weeks on Tuesday after President Donald Trump suggested that it is not necessary to keep Canada in a new trade deal, a remark that comes a week after reaching an agreement with Mexico. The loonie will now try to find momentum in upcoming economic data.

Canadian Dollar Slips on Trade Concerns, Trans Mountain Reversal

The Canadian dollar is sliding before the Labor Day long weekend as global trade concerns and disappointing gross domestic product (GDP) figures are weighing on the loonie. It will be difficult for the Canadian dollar to find direction until a trilateral trade deal with the US and Mexico is either completed or rejected.

Canadian Dollar Drops As GDP Shows No Growth

The Canadian dollar dropped today after nation’s gross domestic product showed no growth in June, disappointing market participants. Hopes for a NAFTA deal remained a positive factor for the currency, which may support it in the near future.

Canadian Dollar Touches Three-Month High on US Trade Deal Hopes

The Canadian dollar is nearing its best level in three months as investors are hopeful that a new trade deal can be reached with the US and Mexico. After President Donald Trump and his administration announced a new trade pact with Mexico, the White House confirmed it will now concentrate its efforts on Canada, hopefully coming to a trilateral arrangement before the midterm elections in November.

Mexican Peso Rallies on US-Mexico Trade Agreement

The Mexican peso is rallying against its American counterpart on Monday after officials announced a new US-Mexico trade agreement that would scrap the North American Free Trade Agreement (NAFTA) name because of “bad connotations.” The two nations will now wait to see if Canada will agree to a bilateral pact with Washington.

Canadian Dollar Rallies amid NAFTA Hopes

The Canadian dollar rallied against its major peers today (though failed to gain on the strong euro) after the United States and Mexico reached a preliminary trade agreement, giving hope that the similar deal can be reached with Canada.

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