Canada — News Archive


Loonie Mixed Despite Supportive Fundamentals

The Canadian dollar climbed against its US peer but dropped against the euro and the Japanese yen despite the support from rising oil prices and manufacturing sales.

Canadian Dollar Plunges as Employment Falls & Trade Deficit Grows

The Canadian dollar tumbled today after Canada’s employment fell unexpectedly and the trade balance deficit showed a surprise increase to a record high.

Loonie Continues to Recover From Last Week’s Plunge

Canadian dollar is still recovering from last week’s rather large plunge against major currencies. Loonie is higher today against its major counterparts, even though there are still concerns about the Canadian economy and some commodities are still struggling.

Canadian Dollar Pulls Back After Earlier Gains

Loonie is mostly lower right now, following earlier gains. The Canadian dollar saw some initial gains today on better than expected economic data, but many of those gains have disappeared following uncertainties moving forward, along with an end to a recent winning streak by oil.

Upbeat Forecast, Higher Oil Prices Help Canadian Dollar

Canadian dollar is getting a little help today, thanks to a recent upbeat forecast from the Bank of Canada, and thanks to improving oil prices. Loonie is mostly higher today, and there are hopes that the currency can maintain some of its recent advances going forward.

Canadian Dollar Follows Crude Oil to Downside

The Canadian dollar fell during the current trading session, yet again following the moves of crude oil. Today, crude went down, and so did the currency. Nevertheless, the loonie managed to outperform the yen, which tumbled even harder.

Canadian Dollar Settles Lower After Jobs Data

The Canadian dollar fell today after the release of jobs data that showed an unexpected drop of employment. The drop was fairly limited, though the currency reached a multi-year low versus the Japanese yen.

Falling Canadian Dollar Gets Help from Crude Oil

The Canadian dollar was falling on Wednesday due to domestic macroeconomic data and the general negative sentiment among Forex market participants. The currency managed to rebound with the help of rising prices for crude oil, though, and is trading not far from the opening level at the start of Thursday’s session.

Canadian Dollar Swings Between Gains & Losses

The Canadian dollar was swinging between gains and losses during Thursday’s trading as positive domestic fundamentals were combating concerns about the impact of the Brexit on the world’s economy.

Canadian Dollar Suffers as Brexit Continues Rattle Markets

The Canadian dollar was rather weak today due to the aftershock of Britain’s referendum that has ended in a vote to leave the European Union. The loonie joined other commodity currencies that were suffering from the resulting risk-negative market sentiment.