Statistics Canada — News Archive

    Archives

USD/CAD Pair Falls to 6-Week Lows as Loonie Rallies Against Weak Dollar

The Canadian dollar today rallied against the US dollar in a move that was primarily attributed to the greenback’s overall weakness against most of its peers. The USD/CAD currency pair fell to new 6-week lows as the loonie rallied against a much weaker dollar driven by the improved investor risk appetite.

Canadian Dollar Rallies on Higher Oil Prices and Mixed US Jobs Data

The Canadian dollar today rallied against the US dollar into the American session primarily driven by the rising oil prices and the greenback’s weakness. The USD/CAD currency pair fell to its daily lows following the release of the mixed US non-farm payrolls report in the early American session before rallying higher.

Canadian Dollar Falls on Risk-Off Mood and Weak Retail Sales

The Canadian dollar today fell against its US counterpart as investors ignored upbeat crude oil prices and bought the safe-haven greenback as geopolitical risks mounted. The USD/CAD currency pair today rallied higher following the release of disappointing Canadian retail sales data in the American session before giving up most of its gains.

Canadian Dollar Falls Against US Peer on Mixed Inflation Data

The Canadian dollar today fell against the US dollar following the release of disappointing CPI data for August in the early American session. The USD/CAD currency pair had dropped to new intra-day lows as the loonie rallied against the US dollar before the CPI release allowed the greenback to recover.

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 Falls Against US Peer on Weak Crude Oil Prices

The Canadian dollar today broke down against the US dollar as global crude oil prices fell following the absence of more output cuts by the OPEC and its allies at today’s meeting. The USD/CAD rallied higher during the American session as oil prices fell causing the commodity-linked loonie to weaken against the greenback.

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.

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.

Loonie Rallies on Upbeat Retail Sales Data, Limited by Strong Dollar

The Canadian dollar today rallied against its American counterpart following the release of upbeat Canadian retail sales data for June, but the rally was short-lived. The USD/CAD currency pair today extended its gains from yesterday as the US dollar proved to be much stronger against the loonie driven by several factors including the less-dovish Fed minutes.

Canadian Dollar Rallies on Higher Oil Prices and Upbeat CPI Data

The Canadian dollar today rallied against the US dollar driven by higher global crude oil prices as American oil stockpiles fell and tensions with Iran skyrocketed. The USD/CAD currency pair extended its losses as the loonie rallied higher following the release of upbeat Canadian inflation data in the early American session.

Navigation

Menu