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 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 edged lower against its US counterpart on Friday as oil prices fell, but the currency still notched its biggest weekly gain this year as signs of US inflation peaking eased worries of aggressive tightening by the Federal Reserve. The loonie was trading 0.1% lower at 1.2775 to the greenback, or 78.28 … Read more
