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Canada’s Inflation & Retail Sales Miss Expectations, CAD Suffers

The Canadian dollar dropped against its rivals today as consumer prices and retail sales reports failed to reach market expectations, suggesting that Canada’ economy does not feel particularly well.

Canada Settles Flat on Monday

The Canadian dollar was little changed during the Asian trading session after closing almost flat at the end of the Monday’s session. As usual, the currency was following moves of crude oil, which this time has not been able to help the loonie in determining its trend.

Canadian Dollar Loses Ground as Crude Oil Slumps

The Canadian dollar was steady by the end of the previous trading session but lost its ground during the current session, falling along with crude oil prices. The currency dropped about 1% against the US dollar and the euro. It also declined for the third straight session versus the Japanese yen.

Canadian Dollar Bounces After Earlier Losses

The Canadian dollar was moving lower against its major counterparts during the Monday’s trading session but has rebounded against the US dollar and the euro as of now and trimmed its losses versus the Japanese yen.

Canadian Dollar Ends Trading Soft

The Canadian dollar ended the Friday’s trading session very soft against its major peers. There were plenty of reasons for the currency to go down.

CAD Falls vs. USD & EUR, Beats JPY

The Canadian dollar fell against the US dollar and the euro today as mixed economic data released from Canada was not helping the currency. At the same time, the loonie outperformed the extremely weak Japanese yen.

Canadian Dollar Finds Support in Domestic Data & Rally of Crude Oil

The Canadian dollar jumped against its counterparts during Friday’s trading, supported by the rally of crude oil prices and Canada’s positive macroeconomic data.

Falling Oil Prices Continue to Weigh on Canadian Dollar

Falling oil prices are weighing on the Canadian dollar again. With economic data still a little lackluster for Canada, and a housing bubble still threatening, there isn’t a lot to support the loonie right now. As a result, the Canadian dollar is lower against many of its major counterparts.

Canadian Dollar Drops Following Prices for Crude

The Canadian dollar dropped on Monday, ignoring positive domestic data, as prices for crude oil retreated. Speculations about monetary tightening from the US Federal Reserve were the main perpetrator in the drop.

Canadian Dollar Suffers from Disappointing CPI & Retail Sales

There were two important economic releases from Canada scheduled for today, the Consumer Price Index and retail sales, and both of them turned out to be disappointing. Unsurprisingly, the market reacted to the news by pushing the Canadian dollar lower.

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