EUR/CAD — News Archive

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Canadian Dollar Rallies with Crude Oil, Not Bothered by Mixed Data

The Canadian dollar gained on most of its major peers on Tuesday. While Canada’s economic data was mixed, the silver lining for the currency was the rally of crude oil prices.

Canadian Dollar Falls Even As Employment Grows

The Canadian dollar fell on Friday despite better-than-expected employment data. Other economic reports were not that good, though, and there were other fundamental factors that might have caused the decline.

Canadian Dollar Gains amid Hopes for NAFTA Deal

The Canadian dollar jumped against its rivals today on optimism about the NAFTA deal and as prices for crude oil, Canada’s main export commodity, rebounded after yesterday’s slump.

Canadian Dollar Reverses Rally, Follows Crude Oil in Decline

After rallying earlier today, the Canadian dollar fell against its most-traded peers, following the slump of crude oil prices.

Canadian Dollar Supported by Strong Rally of Crude Oil

The Canadian dollar was little changed against its US counterpart and gained on other most-traded rivals thanks to the strong rally of crude oil — Canada’s most important export commodity.

Canadian Dollar Logs Weekly Losses as Trade War Fears Grow

The Canadian dollar slumped this week due to risk aversion caused by concerns about potential trade wars between the United States and other countries, China in particular.

Canadian Dollar Fails to Find Support from Positive Fundamentals

The Canadian dollar dropped against its most-traded rivals today. That was puzzling considering that the employment report released during the trading session was good and crude oil prices rose.

Canadian Dollar Weakens on Trader War Concerns & Slowing Growth

The Canadian dollar was weak across the board today, reaching the lowest level in more than a year against many of its most-traded peers. There were several possible reasons for that, most important of them were prospects for trade wars and slowing economic growth in Canada.

Loonie Extends Decline After Underwhelming Wholesale Sales

The Canadian dollar attempted to rise in the Tuesday session but failed and backed off. The currency extended its decline following the release of underwhelming wholesale sales data.

Canadian Dollar Hit by Biggest Decline in Employment Since 2009

The Canadian dollar dropped today after Canada’s employment ended the longest streak of gains since 2002, contracting last month. The loonie managed to bounce against European majors like the euro and the Swiss franc but kept losses versus such currencies as the US dollar and the Japanese yen.

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