USD/CAD — News Archive


Canadian Dollar Gains on Lack of Data, Higher Energy Prices

The Canadian dollar is taking advantage of the lack of data and news on Tuesday, rallying mostly on higher energy prices. After several consecutive reports of mixed numbers, the loonie is enjoying a breather and making gains against some of its currency rivals.

US Dollar Weakens on Retail Sales Plunge, Jobless Claims Jump

The US dollar is weakening against a basket of currencies on Thursday as new data is souring economic outlooks. Retail, inflation, and even jobs impacted the greenback towards the end of the trading week, leaving investors concerned that a contraction is on the horizon.

Loonie Tumbles After Surprising Drop of Manufacturing Sales

The Canadian dollar declined against all other most-traded currencies today as poor macroeconomic data in Canada and the United States weighed on the loonie. The Canadian currency has trimmed its losses by now but still remained far below the opening level.

Canadian Dollar Rallies on Jobs Report, Capped by Oil Slide

The Canadian dollar is rallying against a basket of currencies to finish off the trading week. The loonie was given a much-needed jolt on Friday thanks to a strong January jobs report. But the gains were capped by falling crude oil prices that have cratered 5% over the last week.

Canadian Dollar Falls on Bad Consumer Data, Capped by Crude Oil

The Canadian dollar is retreating from a two-month high midweek as disappointing consumer data weighed on the currency. The losses were capped by a modest rally in crude oil prices. While the market is anticipating a lower loonie in the near-term, the experts say this could rescue the Canadian economy.

Canadian Dollar Trades Flat vs. Most Rivals, Down vs. US Dollar

With no macroeconomic reports or other events scheduled in Canada for today, the Canadian dollar was trading mostly flat in the American trading session. Falling prices for crude oil and poor economic data in the United States drove the loonie lower versus its US counterpart.

Canadian Dollar Weakens on Sliding Crude Prices, Sluggish Growth

The Canadian dollar is losing ground against its major currency rivals to kick off the trading week. The loonie is falling on sliding crude oil prices, bearish economic data, and a dovish Bank of Canada (BOC) that is unlikely to raise interest rates for another few months.

Canadian Dollar Rallies on Rising Oil Prices, Mixed US NFP

The Canadian dollar rose against its US counterpart today due to the mixed US nonfarm payrolls. The loonie gained on other most-traded rivals as well, most likely thanks to the strong rally of crude oil prices. Domestic macroeconomic data did not help the currency, being rather underwhelming.

US Dollar Pulls Back After Stellar Jobs Report

The US dollar is losing ground against its major currency rivals to finish off the trading week. After the latest jobs report still showed a robust labor market to kick off 2019, investors will now see if the Federal Reserve will revise its “patient” stance and return to its aggressive path to normalizing monetary policy.

US Dollar Rises on Strong Jobs Report, Capped by ‘Patient’ Fed

The US dollar is gaining against its currency rivals midweek after new data shows the labor market entered 2019 on a strong note. But the dollar’s ascent was capped by a “patient” Federal Reserve, suggesting that there will not be any moves on interest rates until at least June.