The Canadian dollar CADUSD weakened to a six-day low against its US counterpart on Monday, as investors worried that signs of US economic resilience would extend the length of the Federal Reserve’s campaign to raise interest rates. The loonie was trading 1% lower at 1.3601 to the greenback, or 73.52 US cents, its weakest level … Read more
The Canadian dollar CADUSD weakened against its US counterpart on Friday, with the currency giving back its gains from earlier in the week as global bond yields rebounded and investors eyed Black Friday sales for clues on the health of the US economy. The loonie was trading 0.4 per cent lower at 1.3390 to the … Read more
The Canadian dollar CADUSD was little changed against its broadly weaker US counterpart on Thursday as lower oil prices offset a dovish signal on the pace of interest rate hikes from the US Federal Reserve. World shares touched a two-month high and the US dollar swooped towards a three-month low against a basket of major … Read more
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 strengthened against its US counterpart on Friday, adding to this week’s gains, after suspected Bank of Japan intervention and as investors weighed prospects of the US Federal Reserve dialing back the pace of interest rate hikes. The Canadian dollar was up 0.7% at 1.3670 to the greenback, or 73.15 US cents, … Read more
The Canadian dollar CADUSD weakened against its US counterpart on Wednesday as investor sentiment soured, but the currency’s decline was capped as hot domestic inflation data led to raised bets on another jumbo interest rate hike by the Bank of Canada. Canada’s annual inflation rate inched down to 6.9 per cent in September, Statistics Canada … Read more
The Canadian dollar CADUSD strengthened against its US counterpart on Thursday as commodity prices climbed and investors weighed the resignation of the British prime minister. The price of oil, one of Canada’s major exports, rose in response to tighter supplies and on news that China is considering a cut in the duration of quarantine for … Read more
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
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
