The Canadian dollar CADUSD on Thursday strengthened for the sixth day in seven against its broadly weaker US counterpart as oil prices rose and the Bank of Canada signaled it has much more work to do to bring inflation under control. Canada’s central bank will probably have to raise its policy rate to the top … Read more
The Canadian dollar CADUSD strengthened to its highest level in nearly six weeks against its broadly stronger US counterpart on Wednesday, as oil prices rose and investors awaited a Bank of Canada interest rate decision. Canada’s central bank is widely expected to raise interest rates by half a percentage point for a second straight meeting. … Read more
The Canadian dollar CADUSD The Canadian dollar rose to its highest level in more than five-weeks against the greenback on Monday, as data showed Canada’s current account surplus turning positive and ahead of an expected interest rate hike this week by the Bank of Canada. Canada’s current account surplus was C$5.0 billion in the first … Read more
The Canadian dollar strengthened to its highest level in more than two weeks against its US counterpart on Friday as Chinese authorities moved to cushion the impact of an economic slowdown, with the currency on track to snap a weekly losing streak. Stock markets globally rebounded after China cut a key lending benchmark to support … Read more
The Canadian dollar strengthened to its highest level in two weeks against its US counterpart on Thursday as China eased restrictions to contain the spread of the coronavirus and the greenback broadly fell. The loonie was trading 0.8% higher at 1.2790 to the greenback, or 78.19 US cents, after touching its strongest level since May … Read more
The Canadian dollar CADUSD weakened to its lowest level in more than seven weeks against its US counterpart on Thursday as broader gains for the greenback offset hawkish comments by Bank of Canada Governor Tiff Macklem. The US dollar surged to its highest levels in two decades against a basket of major currencies, propelled by … Read more
