Statistics Canada — News Archive


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.

Canadian Dollar Weakens on Grim Forecasts, Falling Oil Prices

The Canadian dollar is weakening to end the trading week as grim forecasts and disappointing numbers are sending the currency lower. The loonie was most impacted by a dovish central bank this week as interest rates were left unchanged and the governor sounding the alarm on the broader economy. The country’s trade picture did not help matters.

Canadian Dollar Firm on Positive Macroeconomic Data

The Canadian dollar performed fairly well today thanks to positive domestic macroeconomic data and rebounding crude oil prices. The currency fared far worse yesterday, falling after the monetary policy meeting of the Canadian central bank.

Canadian Dollar Rallies on Upbeat NFP and Canadian Jobs Data

The Canadian dollar today rallied against its US counterpart after the release of jobs reports from both countries, which beat expectations. The USD/CAD currency pair spiked briefly after the release of the US non-farm payrolls, but headed lower shortly thereafter as the loonie recovered.

Canadian Dollar Mixed After Macroeconomic Reports

The Canadian dollar was mixed today, falling versus safe currencies, like the US dollar and the Japanese yen, but trading flat or even rising against others. Domestic macroeconomic reports did not help the currency to find direction as they were mixed themselves.

Canadian Dollar Recovers Against US Peer Despite Weak CPI Data

The Canadian dollar today rallied against the US dollar despite the release of weak Canadian inflation data in the early American session. The USD/CAD currency pair started reversing its earlier gains and extended its losses on the back of negative investor sentiment towards the US dollar.

Canadian Dollar Sinks Alongside Crude Oil

The Canadian dollar sank today, falling to the lowest level since June 2017 versus the US dollar. The main reason for the decline was likely the slump of prices for crude oil, though surprisingly poor macroeconomic data played its part as well.

Canadian Dollar Weakens on Falling Crude Prices, Mixed Data

The Canadian dollar is weakening against its American counterpart on Monday, driven by falling crude prices and mixed economic data. The loonie was looking to extend the momentum following last week’s upbeat jobs report, but it has since joined other commodity currencies in the decline.

Canadian Dollar Rallies on Upbeat Canadian Jobs Data Amid Weak NFP Data

The Canadian dollar today rallied higher against its US counterpart following the release of upbeat Canadian jobs data, versus the disappointing US nonfarm payrolls data. The USD/CAD dropped to new weekly lows on the jobs data as well as the higher global crude oil prices, which also favored the loonie.

Canadian Dollar Falls After GDP Miss, Reverses Losses Later

The Canadian dollar fell today after Canada’s GDP data turned out to be disappointing. The currency swiftly reversed its movement, though, trimming losses against some rivals, while erasing them outright against others. The loonie even managed to gain on the euro, which felt pressure from slowing eurozone inflation.