The Canadian dollar CADUSD was unchanged against its US counterpart on Friday, with the currency holding on to its prior day’s gains as global equity markets rose and despite domestic data showing factory sales fell for a fourth straight month. Stocks rose and bond yields fell amid speculation of a British government U-turn on fiscal … Read more
The Canadian dollar CADUSD weakened to its lowest level in more than two years against its US counterpart on Thursday and bond yields jumped as hotter-than-expected US inflation data bolstered bets for additional tightening by the Federal Reserve. Stocks globally fell as US consumer prices increased 8.2 per cent in September and underlying inflation pressures … Read more
The Canadian dollar CADUSD was little changed against its US counterpart on Wednesday, holding near its weakest level in over two years, as oil prices fell and investors weighed data showing US producer prices climbed more than expected in September. Equity markets globally hovered near recent lows as US producer prices rose at an annual … Read more
The Canadian dollar CADUSD was little changed against its US counterpart on Tuesday but holding near its weakest level in more than two years as investor sentiment remained fragile ahead of a key US inflation reading this week. The loonie was trading nearly unchanged at 1.3780 to the greenback, or 72.57 US cents, after touching … Read more
The commodity-linked Canadian dollar CADUSD weakened against its US counterpart on Wednesday as the greenback broadly climbed and domestic data showed exports falling in August, with the loonie losing ground despite higher oil prices. The Canadian dollar was down 0.7% at 1.36 to the greenback, or 73.53 US cents, after trading in a range of … Read more
The Canadian dollar CADUSD strengthened against its US counterpart on Tuesday, adding to sharp gains the day before, as the possibility of central banks shifting away from aggressive tightening led to profit-taking in the high-flying greenback. The loonie was trading 0.8% higher at 1.3610 to the greenback, or 74.02 US cents, after touching its strongest … 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 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
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
The Canadian dollar CADUSD climbed to its highest level in more than two months against a broadly weaker US counterpart on Thursday as oil prices rose and investors grew more optimistic about the global economic outlook. The loonie was trading 0.1% higher at 1.2765 per greenback, or 78.34 US cents, after touching its strongest level … Read more
