EUR/CAD — News Archive

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Canadian Dollar Falls on Cratering Oil Prices, Weaker Manufacturing Data

The Canadian dollar is tumbling on Thursday, thanks to crude oil prices slipping below the key $70 threshold and weak manufacturing data. The loonie had surged to a 11-day high on Wednesday before retreating against several other currencies.

Loonie Jumps as Positive Fundamentals Outweigh Domestic Data

The Canadian dollar gained today as positive factors outweighed domestic macroeconomic data, which failed to meet market expectations. The currency gained for the fourth consecutive trading session against its US counterpart.

Canadian Dollar Rises on Business Optimism, Future Rate Hikes

The Canadian dollar is rallying to kick off the trading week, buoyed by growing optimism among the business community. The loonie was lifted even more on increasing odds that the central bank will raise interest rates at least one more time before the year is over.

Canadian Dollar Weakens on Lower Crude Prices, Higher US Bond Yields

The Canadian dollar is trading lower against its US and European counterparts midweek. The loonie has been tumbling on lower crude oil prices and rising US bond yields that analysts fear could impact global growth. It appears that striking a new trilateral trade deal with the US and Mexico only provided short-term relief for the currency.

Canadian Dollar Bounces, Following Other Riskier Currencies

The Canadian dollar behaved similarly to some other currencies, including the Australian dollar and the Great Britain pound, falling initially but bouncing later today.

Positive Employment Report Fails to Boost Canadian Dollar

The Canadian dollar behaved similarly to its US counterpart, climbing after the release of a domestic employment report but pulling back later. That was surprising considering that Canada’s macroeconomic reports released today were universally good.

Negative Fundamentals Drag Canadian Dollar Down

The Canadian dollar declined against its major peers today, dragged down by a range of factors. Among them were the relatively strong US dollar, falling prices for crude oil, and poor macroeconomic data.

US Dollar Looks Ahead to September Jobs Report After Strong Week of Data

The US dollar is continuing to post incredible gains against several currencies on Thursday after an impressive week of domestic economic data and global developments. The greenback will now look ahead to the September jobs report on Friday, which is expected to come in strong.

Canadian Dollar Cannot Hold Onto Momentum in USMCA Aftermath

The Canadian dollar is trading lower on Tuesday in the aftermath of the historic trilateral trade deal between Canada, the US, and Mexico. The loonie could not sustain the momentum, especially as energy futures tumbled. The buck may now find short-term direction in this week’s September jobs report and August trade data.

CAD Moves Sharply Higher After Canada Joins Trade Deal with USA & Mexico

The Canadian dollar rose sharply today after the news that Canada will join the trade agreement with the United States and Mexico after all. The currency opened sharply higher and proceeded to move up.

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