Crude Oil — News Archive


Canadian Dollar Gains on Lack of Data, Higher Energy Prices

The Canadian dollar is taking advantage of the lack of data and news on Tuesday, rallying mostly on higher energy prices. After several consecutive reports of mixed numbers, the loonie is enjoying a breather and making gains against some of its currency rivals.

Loonie Tumbles After Surprising Drop of Manufacturing Sales

The Canadian dollar declined against all other most-traded currencies today as poor macroeconomic data in Canada and the United States weighed on the loonie. The Canadian currency has trimmed its losses by now but still remained far below the opening level.

Canadian Dollar Rallies on Jobs Report, Capped by Oil Slide

The Canadian dollar is rallying against a basket of currencies to finish off the trading week. The loonie was given a much-needed jolt on Friday thanks to a strong January jobs report. But the gains were capped by falling crude oil prices that have cratered 5% over the last week.

Canadian Dollar Falls on Bad Consumer Data, Capped by Crude Oil

The Canadian dollar is retreating from a two-month high midweek as disappointing consumer data weighed on the currency. The losses were capped by a modest rally in crude oil prices. While the market is anticipating a lower loonie in the near-term, the experts say this could rescue the Canadian economy.

Canadian Dollar Weakens on Sliding Crude Prices, Sluggish Growth

The Canadian dollar is losing ground against its major currency rivals to kick off the trading week. The loonie is falling on sliding crude oil prices, bearish economic data, and a dovish Bank of Canada (BOC) that is unlikely to raise interest rates for another few months.

Canadian Dollar Weakens on Oil Crash, Poor Data

The Canadian dollar is kicking off the trading week falling against its major currency rivals. The loonie is getting battered on cratering crude oil prices, as well as poor economic data that suggests the country could be heading for a significant slowdown. Will the dollar continue to slide, or will it pull off an upset and surprise the experts?

Canadian Dollar Strengthens As BOC Weighs Rate Hike

The Canadian dollar is strengthening against its US counterpart as the central bank hinted that a rate hike is on the table, but it depends entirely on economic data – both at home and abroad. The loonie has improved against the greenback so far this year, despite the Bank of Canada (BOC) taking a wait-and-see approach on interest rates. Rising crude oil prices are also helping lift the currency to finish off […]

Canadian Dollar Firm After Better-than-Expected CPI Release

The Canadian dollar managed to gain on most of its major rivals today, excluding the US dollar, thanks to the better-than-expected inflation print released by Statistics Canada during the trading session.

Japanese Yen Rises As BOJ Keeps Rosy Economic Picture

The Japanese yen is gaining against its major currency rivals on Thursday as reports suggest that the Bank of Japan (BOJ) will maintain a bright view of the national economy, despite a myriad of factors suggesting that Tokyo is expected to record disappointing data.

Canadian Dollar Rises on Soft US Inflation, Crude Supply Contraction

The Canadian dollar is rising midweek after the US government reported soft inflation levels. The loonie is also getting a lift on market expectations that US crude oil inventories will record a contraction. This comes as market sentiment pertaining to the short-term health of the currency is split.