Canada — News Archive


Canadian Dollar Rises Against US Peer Ahead of Consumer Price Index Data

The Canadian dollar rose against its US counterpart on Thursday, as traders anticipate the release of the Canadian consumer price index data tomorrow. Another release from the US Federal Reserve on Wednesday contained no strong signals for an interest rate hike in March, which left the greenback unsupported today.

Canadian Dollar Falls, Trims Losses After Fed Minutes

The Canadian dollar fell on Wednesday due to the drop of crude oil prices and unfavorable domestic macroeconomic data. The currency managed to trim its losses after the release of policy minutes from the Federal Reserve.

Canadian Dollar Steadies as Wholesale Trade Exceeds Forecasts

The Canadian dollar traded within a tight range against its US counterpart on Monday, following a week that was void of any big events. The Canadian currency was supported by wholesale trade growth data today, but it failed to gain any steady momentum.

Canadian Dollar Erases Earlier Losses Against US Peer Following Manufacturing Data

The Canadian dollar moved slightly lower on Wednesday against the US dollar and the euro. The Canadian currency erased most of its earlier losses following strong manufacturing sales data in Canada.

Canadian Dollar Rises Against US Dollar Ahead of Labor Market Data

The Canadian dollar had small gains against its US counterpart on Thursday, one day before the release of employment data and unemployment numbers in Canada. The US dollar was weaker today after the number of jobless claims missed estimates.

Canadian Dollar Climbs to Reverse Yesterday’s Direction Ahead of Housing Starts Data

The Canadian dollar rose against the US dollar to post small gains on Wednesday, as the Canadian currency reversed its direction after the release of Canadian housing starts data. The Canadian dollar has been under pressure from President Donald Trump’s protectionist approach in the past days.

Canadian Dollar Touches Lowest Level in Two Weeks as US Dollar Surges

The Canadian dollar dropped against the US counterpart on Tuesday to touch its lowest in two weeks, as oil prices moved lower and the greenback gained strength. Prices of crude oil, one of Canada’s main exports, declined due to concerns towards rising production levels in the United States.

CAD Erases Losses vs. USD, Rallies for Second Straight Week

The Canadian dollar was falling against its US counterpart on Friday but managed to erase its losses, closing near the opening level. What is more, CAD ended the week with gains versus USD. It was the second consecutive weekly gain and the fifth in six weeks.

Canadian Dollar Doesn’t Pay Heed to Supportive Fundamentals

The Canadian dollar gained on its weak US counterpart during Tuesday’s trading but was unable to beat such strong currencies as the euro and the Japanese yen despite supportive fundamentals.

CAD Rallies vs. EUR & USD, Falls vs. CHF & JPY

The Canadian dollar rose a bit against its US counterpart on Monday and accelerated the rally on Tuesday as the US immigration ban hurt the greenback. The Canadian currency also rose versus the euro but fell against the safe haven currencies — the Swiss franc and the Japanese yen.