The Canadian CADUSD dollar weakened to its lowest level in 11 days against its US counterpart on Monday as rising COVID-19 cases in China weighed on investor sentiment and speculation that OPEC would increase output led to volatility in the price of oil. The loonie was trading 0.4% lower at 1.3440 to the greenback, or … Read more
The Canadian dollar CADUSD rose against its US counterpart on Tuesday as investor risk appetite picked up and preliminary domestic data showed retail sales climbing in October, while investors awaited comments by a senior Bank of Canada policy-maker. Canadian retail sales fell by 0.5 per cent in September from August, matching estimates, weighted by lower … Read more
The Canadian dollar CADUSD weakened to its lowest level in nearly two years against its US counterpart on Tuesday as the greenback broadly climbed and domestic data showed inflation easing more than expected in August. Canada’s annual inflation rate slowed to 7.0% in August, below analyst forecasts of 7.3% and down from 7.6% in July. … Read more
The Canadian dollar CADUSD rallied against its broadly weaker US counterpart on Monday as oil prices rose and investors continued to bet on another oversized interest rate hike by the Bank of Canada despite disappointing Canadian jobs data last week. The price of crude oil, one of Canada’s major exports, rebounded from a six-month low … Read more
