Canadian dollar extends weekly decline as retail sales sag

Canadian dollar extends weekly decline as retail sales sag

The Canadian dollar CADUSD weakened to its lowest level in more than two years against its US counterpart on Friday as the sell-off in global equity markets continued and domestic data showed retail sales falling more than expected in July. The loonie was trading 0.3 per cent lower at 1.3525 to the greenback, or 73.94 … Read more

Canadian dollar touches 10-day low; decline capped as oil prices rise

Canadian dollar touches 10-day low; decline capped as oil prices rise

The Canadian dollar CADUSD weakened to a 10-day low against its broadly stronger US counterpart on Thursday as investors continued to assess minutes from the Federal Reserve’s latest policy meeting, but the decline was limited as oil prices moved higher. The loonie was down 0.1% at 1.2920 to the greenback, or 77.40 US cents, after … Read more

Canadian dollar strengthens as oil prices rebound

Canadian dollar strengthens as oil prices rebound

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