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Canadian Dollar Weakens Amid Falling Retail Sales, Trudeau Minority

The Canadian dollar is weakening against several major currency pairs on Tuesday as investors comb through the latest retail sales report. The loonie’s slide also comes after Prime Minister Justin Trudeau secured a minority government following the recent federal election. With the electoral contest out of the way, traders will keep a focus on a central bank that refused to budge on interest rates before the election.

Canadian Dollar Weakens As Jobs Momentum Fades

The Canadian dollar is slipping against several currency rivals on Monday, suggesting that the euphoria from last week’s better-than-expected jobs report may have dissipated to kick off the week forex markets. While the current labor market is one of the best Canada has ever had, the economy has returned to its anemic state. How much will the economy play in next week’s federal election?

Canadian Dollar Mixed After Manufacturing Sales Demonstrate Surprisingly Big Drop

The Canadian dollar was mixed today, rising against some rivals, falling versus others, and staying flat against some. Fundamentals were negative to the currency, with an unexpectedly big drop in manufacturing sales and retreating prices for crude oil.

Canadian Dollar Rallies with Help of Domestic & Global Fundamentals

The Canadian dollar gained today, joining other commodity currencies in a rally. While the positive general sentiment on the Forex market undoubtedly helped the currency, it also had its own reasons to rise.

Loonie Mixed Despite Positive Fundamentals

The Canadian dollar was mixed today, falling against such currencies as the US dollar and the euro but rising versus safe currencies, like the Japanese yen and the Swiss franc. Fundamentals specific for the loonie were largely positive, but apparently, factors that were affecting the Forex market in general had a bigger impact on the Canadian currency.

Canadian Dollar Jumps After BoC Holds Interest Rates

The Canadian dollar rallied today after Canada’s central bank preferred to avoid cutting interest rates. Wednesday’s domestic macroeconomic data was negative for the loonie, but the currency ignored it for the most part.

Canadian Dollar Soft on Weak Manufacturing, Falling Crude Oil Prices

The Canadian dollar was soft today, dragged down by weak manufacturing data and plunging crude oil prices. The loonie did not perform that bad, though, considering all the negative factors influencing the currency.

Canadian Dollar Soars on Strong Q2 GDP

The Canadian dollar is rallying to finish the trading week, driven by a better-than-expected gain in second-quarter gross domestic product. The loonie’s rebound may give credence to analysts’ predictions that the currency is poised for a breakout performance to close out the year. Because the Canadian economy has been so anemic for much of 2019, the dollar has been struggling against most major currency rivals as of late.

Canadian Dollar Soft After Manufacturing Sales Fall

The Canadian dollar managed to rebound versus the US dollar but was soft against other majors today. Domestic macroeconomic data was not especially bad and crude oil attempted to rally but that apparently was not enough to support the loonie.

Canadian Dollar Falls As Economy Sheds Jobs, Raises Unemployment Rate

The Canadian dollar is sliding against several major currency rivals to finish out the trading week. The loonie’s descent was driven by a mostly disappointing labor report that saw the economy experience its weakest three-month period of job creation in more than a year. Housing numbers were also down, though many of them were better than what the market had anticipated.

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