Mitch McConnel — News Archive


CAD Jumps vs. USD, Drops vs. Other Majors

The Canadian dollar jumped against its US counterpart yesterday as temporary measures to avert default in the United States were taken. At the same time, the loonie slumped against other currencies, including the euro and, surprisingly, the Japanese yen. Today, the Canadian currency is trying to reverse yesterday’s moves.

CAD Surges as Euphoria Kicks In

The Canadian dollar exploded to the upside today amid euphoria that struck the Forex market after US politicians reached an agreement that will help to avoid a financial crisis in the United States.