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Canadian Dollar Continues Rally on Higher Auto Sales

The Canadian dollar is continuing its tear on Tuesday as the loonie was lifted against major currency rivals on strong automobile sales. The dollar’s gains were capped by disappointing manufacturing numbers, which could signal a cooling economy. Investors will now look ahead to inflation and retail receipts this week.

Canadian Dollar Weakens to Five-Week Low Ahead of BOC Decision

The Canadian dollar weakened to its lowest level against its American counterpart in five weeks. The multi-week low comes ahead of the central bank announcing its intentions on interest rates, and the world’s second-largest economy potentially striking a blow to the slowing Canadian economy. The loonie was lifted by a modest bump in energy prices.

Canadian Dollar Weakens on Q4 Slowdown, Current Account Gap

The Canadian dollar tumbled against some of its major rivals to kick off the new month on Friday. The loonie fell on reports that economic growth slowed in the fourth quarter, and new data that found the nation’s current account deficit widened during the October-to-December period. The buck has had a rough start to 2019, and many analysts anticipate the pain to continue.

Canadian Dollar Surges Despite Disappointing Retail Sales

The Canadian dollar is strengthening against a basket of currencies at the end of the trading week, despite disappointing retail sales data. The loonie’s performance also comes as the central bank warned that the path of interest rates remains “uncertain,” leaving markets guessing when the next rate hike will take place in 2019 – if at all.

Canadian Dollar Weakens on Oil Crash, Poor Data

The Canadian dollar is kicking off the trading week falling against its major currency rivals. The loonie is getting battered on cratering crude oil prices, as well as poor economic data that suggests the country could be heading for a significant slowdown. Will the dollar continue to slide, or will it pull off an upset and surprise the experts?

Canadian Dollar Strengthens As BOC Weighs Rate Hike

The Canadian dollar is strengthening against its US counterpart as the central bank hinted that a rate hike is on the table, but it depends entirely on economic data – both at home and abroad. The loonie has improved against the greenback so far this year, despite the Bank of Canada (BOC) taking a wait-and-see approach on interest rates. Rising crude oil prices are also helping lift the currency to finish off […]

Canadian Dollar Declines Against US Dollar on Weak Retail Sales Data

The Canadian dollar today dropped to new daily lows against its US counterpart following the release of weak Canadian retail sales data. The loonie had made gains against the greenback earlier today as evidenced by the USD/CAD currency pair’s decline before retracing all of its gains after the release.

Canadian Dollar Slides to 18-Month Low on Crude Prices, Manufacturing Data

The Canadian dollar is trading sideways against its US rival on Thursday as investors try to make sense of which direction the loonie is headed. The currency has tumbled to an 18-month low on crashing crude oil prices, and the currency was not helped by disappointing manufacturing data.

Canadian Dollar Weakens on Falling Oil Prices, Bearish BOC Warning

The Canadian dollar is tumbling on Thursday as the price of oil plunges and the Bank of Canada (BOC) issues another bearish warning about the national economy. The loonie has performed poorly against the greenback, sliding nearly 1% over the last week and 7% so far this year.

Canadian Dollar Sideways Amid Lower Crude Prices, BOC Comments

The Canadian dollar was unable to keep the momentum from last week’s strong jobs report, and the loonie could not get a boost on Monday on bullish comments from the head of the Bank of Canada (BOC). Investors might find direction in the results of Tuesday’s US midterm elections, as well as some American and Canadian economic data this week.

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