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Wrap Up The Canadian dollar edged lower against its U.S. counterpart but held near an earlier five-week high as the reduction of some global investment risks weighed on the greenback.   The U.S. dollar weakened against a basket of major currencies, pressured by the sapping of safe-haven demand after the announcement of an initial trade…

Wrap Up The Canadian dollar edged lower against its U.S. counterpart but held onto most of the previous day’s gains as investors cheered news of a U.S.-China trade deal and after the Bank of Canada was untroubled by November’s jobs decline.   The U.S. dollar rallied against a basket of major currencies and Wall Street’s…

Wrap Up The Canadian dollar rallied against its broadly weaker U.S. counterpart as the Federal Reserve signaled no intention to raise interest rates over the next year, bolstering the outlook for the global economy.   The U.S. central bank left the benchmark overnight lending rate in its current, historically low, target range between 1.50% and…

Wrap Up The Canadian dollar edged higher against the greenback, sticking to a narrow trading range as investors awaited guidance on the Bank of Canada interest rate outlook and weighed prospects of the United States delaying additional tariffs on China.   Bank of Canada Governor Stephen Poloz, who will step down when his seven-year mandate…

Wrap Up The Canadian dollar strengthened to its highest in nearly a month against the greenback as data showed Canada’s trade deficit narrowed and a Bank of Canada official expressed confidence in the economic outlook.   Bank of Canada Deputy Governor Timothy Lane said recent data supported the central bank’s forecast that the economy’s slowdown…

Wrap Up The Canadian dollar strengthened to a two-week high against the greenback as investors cut bets that the Bank of Canada would ease interest rates over the coming months after upbeat comments by the central bank on the global economy.   Canada’s central bank held its overnight rate at 1.75% as expected and cited…

Wrap Up The Canadian dollar edged higher against the greenback, as investors’ worries about prospects for a trade deal between the United States and China were offset by bets that the Bank of Canada would leave interest rates on hold this week.   Money markets see almost no chance of an interest rate cut by…

Wrap Up The Canadian dollar weakened against its U.S. counterpart and every other G10 currency, as investors worried about a potential escalation of global trade conflicts and awaited a Bank of Canada interest rate decision this week.   The Bank of Canada, which is expected on Wednesday to leave its benchmark interest rate at 1.75%,…

Wrap Up The Canadian dollar was little changed against the greenback, posting a decline for the month as investors worried about U.S.-China tensions and data showed that Canada’s economic growth slowed as expected in the third quarter.   Ahead of the central bank’s Dec. 4 interest rate decision, official data showed that the Canadian economy…

Wrap Up The Canadian dollar strengthened against the greenback, paring its decline since October as optimism rose on U.S.-China trade talks and after a deal was reached to end a railway strike that threatened to slow Canada’s economic growth.   U.S. stocks rose to a record high after President Donald Trump said the United States…

Wrap Up The Canadian dollar was unchanged against its U.S. counterpart, steadying after it declined last week, as strong domestic data offset evidence that a strike at Canada’s biggest railroad was taking a toll on the country’s economy.   Canadian wholesale trade rose by 1.0% in September from August, much stronger than the 0.4% gain…

Wrap Up The Canadian dollar was little changed against its U.S. counterpart, unable to reduce this week’s decline as oil prices fell and a strike at Canada’s biggest railroad threatened to weigh on the country’s economic growth.   The price of oil pulled back from two-month highs as concern over U.S.-China trade talks overshadowed expectations…

Wrap Up The Canadian dollar strengthened against its U.S. counterpart, recovering from a six-week low it hit the day before as Bank of Canada Governor Stephen Poloz doused expectations for an interest rate cut as soon as next month.   In remarks at a fireside chat organized by the Ontario Securities Commission in Toronto, Poloz…

Wrap Up The Canadian dollar weakened to a near six-week low against the greenback, on continued concerns over an interest rate cut following dovish comments by a senior BoC official on Tuesday.   Bank of Canada Senior Deputy Governor Carolyn Wilkins said the global economy is facing immense challenges that could spill over into Canada…

Wrap Up The Canadian dollar rose to a 10-day high against the greenback as investors bet that a meeting between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell could increase prospects for U.S. interest rate cuts.   Trump has frequently criticized the Fed for setting interest rates too high. The U.S. central bank…

Wrap Up The Canadian dollar strengthened against its U.S. counterpart, lagging behind some other commodity-linked currencies but recovering from a one-month low the day before as investors grew more hopeful about a U.S.-China trade deal.   Canada’s inflation report for October is due next Wednesday and September retail sales data is due next Friday, both…

Wrap Up The Canadian dollar was little changed against its U.S. counterpart, holding near an earlier one-month low as a speech by Bank of Canada Governor Stephen Poloz loomed and investors grew more nervous about a global economic slowdown.   Global stocks fell as Chinese economic data slowed in October and Germany only narrowly avoided…

Wrap Up The Canadian dollar weakened to a one-month low against its U.S. counterpart, but the currency’s decline lost some momentum as investors turned attention to a speech by Bank of Canada Governor Stephen Poloz on Thursday.   The loonie has declined by as much as 1.5% since Oct. 30, when the BoC shifted to…

Wrap Up The Canadian dollar was little changed against its U.S. counterpart, holding near a one-month low it hit earlier in the day as the greenback broadly climbed and investors adjusted to the Bank of Canada’s more dovish stance.   The U.S. dollar rose against a basket of major currencies after U.S. President Donald Trump…

Wrap Up The Canadian dollar weakened to a three-week low against its U.S. counterpart as data showing a surprise decline in domestic jobs added to pressure on the currency since the Bank of Canada shifted to a more dovish stance.   Data from Canadian Mortgage and Housing Corporation showed that the seasonally adjusted annualized rate…

Wrap Up The Canadian dollar edged higher against its U.S. counterpart, recovering from an earlier eight-day low as domestic jobs data loomed and Beijing signaled a trade deal with the United States was close to being sealed. The Bank of Canada has left its benchmark interest rate on hold at 1.75% as inflation stayed close…

Wrap Up The Canadian dollar was little changed against its U.S. counterpart, recovering from an earlier eight-day low as domestic jobs data loomed and Beijing signaled a ‘phase one’ trade deal with the United States was close to being sealed.   The Canadian province of Ontario, the world’s biggest sub-sovereign debtor, kept its focus on…

Wrap Up The Canadian dollar edged lower against its U.S. counterpart, pulling back from an earlier six-day high as the greenback benefited from hopes the United States and China were moving closer to a trade deal.   The U.S. dollar index climbed against a basket of major currencies, including the safe-haven yen and Swiss franc,…

Wrap Up The Canadian dollar was little changed against its U.S. counterpart, keeping to a narrow trading range as investors took stock of the Bank of Canada’s more dovish tone and influential domestic data loomed in the coming days.   Canada’s central bank left its benchmark interest rate unchanged at 1.75% last week, but cut…

Wrap Up The Canadian dollar edged higher against its U.S. counterpart, reducing this week’s decline as investors grew more optimistic on prospects for a trade deal between the United States and China and on the outlook for economic growth.   U.S. stocks climbed and oil prices rose as signs emerged of progress in U.S.-China trade…

Wrap Up The Canadian dollar was little changed against its broadly weaker U.S. counterpart as stocks and oil prices fell, with the loonie steadying after it was pressured the day before by a more dovish tone from the Bank of Canada.   Canada’s central bank cut its domestic and global growth forecasts and said the…

Wrap Up The Canadian dollar weakened to a near two-week low against the greenback as expectations rose that the Bank of Canada would cut interest rates after the central bank expressed greater concern about global trade uncertainty.   Canada’s central bank held interest rates steady at 1.75% as expected but left the door open to…

The Bank of Canada maintained its key overnight interest rate at 1.75% as expected but cut domestic and global growth forecasts, saying the Canadian economy would be increasingly tested by trade conflicts Canada’s economy would shrink by about 4.5% by 2021 if a global slowdown became more pronounced because of a higher than expected degree…

Wrap Up The Canadian dollar weakened against the greenback, retreating from an earlier three-month high as positive investor sentiment was tempered ahead of interest rate decisions by the Bank of Canada and the Federal Reserve.   The loonie has rallied about 2% since early October, buoyed by robust domestic jobs data and investor optimism that…

Wrap Up The Canadian dollar was little changed against the greenback, holding near an earlier three-month high as investors grew optimistic on a U.S.-China trade deal and ahead of an interest rate decision this week from the Bank of Canada.   The S&P 500 hit a record high as a more civil tone between the…

Wrap Up The Canadian dollar edged higher against its U.S. counterpart, adding to this week’s gain as oil prices rose and investors looked for the BoC to stick to its divergent path from other central banks.   Crude oil prices rose as support from falling U.S. crude inventories, optimism over a U.S.-China trade deal and…

Wrap Up The Canadian dollar was nearly unchanged against the greenback, pulling back from an earlier three-month high as investors turned their attention to interest rate decisions next week by the Bank of Canada and the U.S. Federal Reserve.   The Bank of Canada is seen leaving its benchmark interest rate on hold at 1.75%…

Wrap Up The Canadian dollar rose against the greenback, approaching a three-month high it notched the previous day, as investors expected further divergence in the interest rate policies of the Bank of Canada and the Federal Reserve.   Canada’s central bank, which is due to make an interest rate decision on Oct. 30, has kept…

Wrap Up The Canadian dollar was little changed against the greenback, holding near an earlier three-month high, as Canada’s energy shares overcame worries that new oil pipeline development would become more difficult after the federal election.   Canada’s energy industry saw its worst-case election result materialize on Monday as Canadian Prime Minister Justin Trudeau’s Liberal…

Wrap Up The Canadian dollar climbed to a near three-month high against its U.S. counterpart as investors became more optimistic on global trade and millions of Canadians cast their ballots in the country’s 43rd general election.   The benchmark S&P 500 stock index rose within striking distance of a record high as further signs of…

Wrap Up The Canadian dollar climbed to its strongest in more than two months against a broadly weaker U.S. counterpart but gains for the currency were tempered by an uncertain outlook for Canada’s federal election on Monday.   Polls show Prime Minister Justin Trudeau’s Liberals are locked in a tie with the opposition Conservatives and…

Wrap Up The Canadian dollar climbed to its strongest in more than two months against its U.S. counterpart as investors welcomed an eleventh-hour Brexit deal and domestic data showed a stronger-than-expected gain for factory sales in August.   Separate data from payroll services provider ADP showed that Canada added 28,200 jobs in September, building on…

Wrap Up The Canadian dollar was little changed against its U.S. counterpart, clawing back its earlier decline as the potential for a last-minute Brexit deal weighed on the greenback.   The U.S. dollar index fell across the board as dismal U.S. retail sales data painted a gloomy picture of the economy and as sterling and…

Wrap Up The Canadian dollar strengthened to a one-week high against its U.S. counterpart, clawing back its earlier decline, as investors grew optimistic that top-level trade talks between the United States and China would yield at least a partial deal.   The U.S. dollar index fell to two-week lows, with safe-haven demand for the currency…

Wrap Up The Canadian dollar was little changed against the U.S. dollar, extending this week’s holding pattern, as markets awaited a clearer signal from central banks on the outlook for interest rates.   Most Fed policymakers supported the need for an interest rate cut in September, minutes of the central bank’s last policy meeting showed…

Wrap Up The Canadian dollar edged lower against its U.S. counterpart as investors worried that trade talks this week between the United States and China would do little to help the global growth outlook.   U.S. stocks fell as hopes of progress in high-level trade talks were dashed by a report Washington was moving ahead…

Wrap Up The Canadian dollar was little changed against its U.S. counterpart, sticking to a narrow range as oil prices fluctuated and trade talks loomed this week between the United States and China.   U.S. stocks dipped after a report that Beijing was increasingly reluctant to agree to a broad trade deal pursued by President…

Wrap Up The Canadian dollar strengthened against its U.S. counterpart, paring this week’s decline, as domestic data showed narrowing in the trade deficit and investor worries receded about the state of the global economy.  The Canadian dollar will gain ground against its U.S. counterpart over the coming year, supported by strengthening of the domestic economy…

Wrap Up The Canadian dollar was little changed against the greenback, hovering near an earlier one-month low, as data showing weaker U.S. services sector activity supported bets for Federal Reserve interest rate cuts.   The U.S. dollar index declined against a basket of major currencies as investors fretted about a slowdown in the world’s largest economy.  …

Wrap Up The Canadian dollar weakened to a four-week low against its U.S. counterpart as oil prices fell and investors worried that a slowdown in U.S. manufacturing activity could hurt Canada’s trade-dependent economy. Wall Street’s main indexes suffered their sharpest one-day declines in nearly six weeks after employment and manufacturing data suggested that fallout from…

Wrap Up The Canadian dollar strengthened against its U.S. counterpart, recovering from an earlier one-week low after evidence the U.S.-China trade war was hurting U.S. manufacturing activity.   Canada’s economy was unchanged in July, following four straight months of growth, as the country’s mining, quarrying and oil and gas extraction sectors contracted, Statistics Canada data…

Wrap Up The Canadian dollar was little changed against a broadly stronger U.S. counterpart, with the currency holding on to its gains for the month after it had been supported by the Bank of Canada’s divergence from other central banks.   A steady policy stance from the Bank of Canada this year has been supported…

Wrap Up The Canadian dollar strengthened to an 11-day high against its U.S. counterpart  as the Bank of Canada’s willingness to keep interest rates on hold in the face of economic uncertainty helped “anchor” the currency.   The Bank of Canada has showed no appetite for cutting interest rates amid steady domestic activity, even as…

Wrap Up The Canadian dollar was little changed against its U.S. counterpart, with the currency pulling back from an earlier 10-day high as investors weighed U.S. political uncertainty.   Stocks fell, while safe-haven assets such as the U.S. dollar and Treasuries rose after a congressional panel released a whistleblower complaint that accused President Donald Trump of…

Wrap Up The Canadian dollar edged lower against its U.S. counterpart , giving back gains from the day before when investors worried about U.S. political uncertainty.   The U.S. dollar index recovered against a basket of major currencies after being hit on Tuesday by the launch of a formal impeachment inquiry against U.S. President Donald Trump.  …

Wrap Up The Canadian dollar strengthened to its highest in more than one week against its U.S. counterpart, as rising support among Democratic lawmakers to pursue impeachment of U.S. President Donald Trump weighed on the greenback.   The crude oil prices, one of Canada’s major exports, fell after Trump rekindled fears that the Sino-American trade…

Wrap Up The Canadian dollar edged higher against the greenback, clawing back its earlier decline, after domestic wholesale trade data supported bets that the Bank of Canada would leave interest rates unchanged this year.   The Bank of Canada has kept its benchmark interest rate on hold at 1.75% in 2019 even as some of…

Wrap Up The Canadian dollar edged lower against its U.S. counterpart as domestic data showing the first retail sales gain in three months failed to impress investors.   Canadian retail sales rose 0.4% in July from June on stronger sales of new cars at motor vehicle and parts dealers, Statistics Canada said. The increase was…

Wrap Up The Canadian dollar strengthened to a five-week high against its U.S. counterpart as domestic data showing a bigger-than-expected jobs gain in August reduced investor expectations for a Bank of Canada interest rate cut next month.   Canada’s economy added 81,100 jobs in August, largely driven by increases in part-time work, Statistics Canada data…

Wrap Up The Canadian dollar edged lower against its U.S. counterpart, pulling back from a three-week high reached after the Bank of Canada’s interest rate decision, as encouraging U.S. data boosted the greenback.   The U.S. dollar  pared its decline against a basket of major currencies after data showed that U.S. services sector activity accelerated in…

Wrap Up The Canadian dollar posted its biggest gain in seven months against the greenback on lowered expectations for a Bank of Canada interest rate cut in October after the central bank’s policy decision made no mention of future moves.   The bank held its benchmark interest rate at 1.75% as expected but said the…

Wrap Up The Canadian dollar was little changed against the greenback , with the currency recovering from a two-month low hit earlier in the day on global economic worries as the focus shifted to this week’s Bank of Canada interest rate decision.   Money markets expect the BoC to leave its benchmark interest rate on…

Wrap Up The Canadian dollar weakened against its U.S. counterpart, giving up gains it made after data showing stronger-than-expected GDP growth for the second quarter, as oil prices fell and the greenback broadly rallied.   The Canadian economy expanded at a surprisingly strong annualized rate of 3.7% in the second quarter, a pace much higher…

Wrap Up The Canadian dollar edged higher against a broadly stronger U.S. counterpart, but kept within its recent trading range ahead of domestic GDP data that could guide expectations for next week’s interest rate decision by the Bank of Canada.   The U.S. dollar climbed against a basket of major currencies as news that Washington…

Wrap Up The Canadian dollar edged lower against its U.S. counterpart, extending its pullback from a near two-week high the previous day, as investors mulled the prospect of a surprise interest rate cut next week from the Bank of Canada.   The BoC has stayed on the sidelines in recent months even as other central…

Wrap Up The Canadian dollar weakened against its U.S. counterpart , with the currency pulling back from a near two-week high earlier in the session as investors weighed the prospect of an unexpected interest rate cut next week by the Bank of Canada.   Chances of an interest rate cut at the central bank’s Sept.…

Wrap Up The Canadian dollar edged higher against the greenback as risk sentiment improved, but held in the middle of its tight recent range as investors continued to focus on the fallout of the U.S.-China trade war.   The US and China sought to ease tensions, with Beijing calling for calm and U.S. President Donald…

Wrap Up The Canadian dollar was little changed against its U.S. counterpart  as this week’s stronger-than-expected domestic data was offset by reduced investor appetite for risk.   U.S. stocks plunged in a broad sell-off as China and the United States traded their latest salvos in a prolonged trade war. Data this week showed Canada retail…

Wrap Up The Canadian dollar steadied against its U.S. counterpart, trimming earlier gains as investor appetite for risk decreased ahead of a Federal Reserve central banking conference this week.   U.S. stocks were mixed on the first contraction in the manufacturing sector in nearly a decade and uncertainty about future interest rate cuts.   Fed…

Wrap Up The Canadian dollar strengthened against its U.S. counterpart, recovering from a two-month low it hit the previous day after stronger-than-expected domestic inflation data, but earlier gains were capped as the greenback rallied broadly.   The U.S. dollar gained against a basket of currencies after minutes from the Federal Reserve’s July meeting showed that…

Wrap Up The Canadian dollar edged higher against its U.S. counterpart, recovering from a two-month low it touched earlier, as investors awaited domestic economic data expected this week.   The rise for the loonie came as the price of oil, one of Canada’s major exports, steadied on optimism that U.S.-China trade tensions will ease and…

Wrap Up The Canadian dollar weakened to a four-day low against its U.S. counterpart, despite increasing oil prices, as the greenback rallied broadly on rising global risk appetite.   The U.S. dollar strengthened against a basket of currencies as risk sentiment gradually improved after a week of turmoil on hopes that major central banks would look…

Wrap Up The Canadian dollar strengthened against its U.S. counterpart, with the currency rebounding from an eight-day low it hit the previous session as investor appetite for risk increased.   Speculators have cut their bullish bets on the Canadian dollar to the lowest in five weeks, data from the U.S. Commodity Trading Commission showed. As…

Wrap Up The Canadian dollar was little changed against its U.S. counterpart but held close to an eight-day low hit earlier in the session on worries about the global economic outlook.   U.S. 30-year Treasury yields fell to a record low below 2%, 10-year notes dropped to a three-year trough and the 2-year yield hit…

Wrap Up The Canadian dollar weakened by the most in more than five months against its U.S. counterpart on Wednesday as oil prices dropped and investors worried about the global growth outlook.   China reported weaker-than-expected economic data for July, including a surprise drop in industrial output growth to a more than 17-year low, while…

Wrap Up The Canadian dollar edged higher against its U.S. counterpart, with the currency recovering from an earlier five-day low as easing of global trade tensions raised investor risk appetite.   The United States government will delay imposing a 10% tariff on certain Chinese goods, including laptops and cell phones, that had been scheduled to…

Wrap Up The Canadian dollar edged lower against its U.S. counterpart, giving up some gains from the last two sessions, as increased global political tensions stir investor worries about risky currencies like the loonie.   Markets are concerned about Argentina as voters signaled they could reject market-friendly President Mauricio Macri at an election in October…

Wrap Up The Canadian dollar strengthened against its U.S. counterpart, recovering from an earlier loss after a decline in July employment numbers, as the increase in wages firmed investors’ belief in a strong Canadian economy.   Canada’s economy lost a net 24,200 jobs in July, after shedding 2,200 in the previous month but grew by…

Wrap Up The Canadian dollar strengthened against its U.S. counterpart, recovering from a seven-week low it hit the previous day, as the stronger Chinese currency boosted global risk appetite.   Risk sentiment stabilized after resilient Chinese trade data and Beijing’s efforts to slow a slide in the value of the yuan currency encouraged investors to…

Wrap Up The Canadian dollar extended its losses, falling to a near seven-week low against its U.S. counterpart on Wednesday, as oil prices dropped and rising trade tensions worried investors.   The price of oil, one of Canada’s major exports, tumbled more than 4%, extending recent heavy losses following a surprise build in U.S. crude…

Wrap Up The Canadian dollar weakened to a near seven-week low against its U.S. counterpart as investors worried about rising trade tensions between the United States and China. A yearlong U.S.-China trade war has boiled over as Washington accused Beijing of manipulating its currency after China let the yuan drop to its lowest point in…

Wrap Up The Canadian dollar was little changed against its U.S. counterpart on Friday, with the currency recovering from an earlier six-week low which it hit as trade tensions escalated and after domestic data showed a drop in exports.   Canada posted a narrower trade surplus in June as exports fell by 5.1%. It was…

Wrap Up The Canadian dollar weakened to a six-week low against its U.S. counterpart as oil prices slumped, pressured by the prospect of additional U.S. tariffs on Chinese goods.   In a series of tweets, U.S. President Donald Trump said he would slap 10% tariffs on $300 billion of Chinese imports starting September 1.  …

Wrap Up The Canadian dollar weakened to a more-than five-week low against the greenback , as comments by the Federal Reserve that were seen by some investors as hawkish offset domestic data showing stronger-than-expected economic growth. The U.S. dollar index gained against a basket of currencies after the Fed cut interest rates by 25 basis…

The Federal Reserve cut its key interest rate today for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump’s trade wars to chronically low inflation and a dim global outlook. The Fed also repeated a pledge to “act as appropriate to sustain the expansion” —…

Wrap Up The Canadian dollar was little changed against its U.S. counterpart, trading in a narrow range, as the currency lacked direction ahead of the expected Federal Reserve interest rate cut this week.   Money markets are convinced the Fed will cut the key benchmark rate by 25 basis points, but it remains to be…

Wrap Up The Canadian dollar edged slightly higher against its U.S. counterpart , with the currency on track to break its six-day losing streak as investors awaited a potential Federal Reserve interest rate cut this week. The Fed is expected to cut interest rates by 25 basis points this week, for what would be the…

Wrap Up The Canadian dollar was little changed against its U.S. counterpart recovering from an earlier one-month low which it hit after betterthan-expected U.S. data and the ruling out of currency intervention by a top White House adviser. The U.S. dollar index was also boosted by data showing the U.S. economy expanded at a 2.1%…

Wrap Up The Canadian dollar weakened to a near one-month low against the greenback as interest rate differentials moved further in favor of the U.S. currency.   The loonie lost ground despite a higher price for oil, one of Canada’s major exports. U.S. crude oil, supported by rising tensions between the West and Iran and…

The European Central Bank joined the U.S Federal Reserve in making clear that more stimulus could be coming soon to support an economy weakening in the face of global trade tensions The ECB left its key interest benchmarks unchanged at a policy meeting today but said it could cut them as its next move Inflation…

Wrap Up The Canadian dollar weakened slightly against its U.S. counterpart, nearing a one-month low it hit the previous day, as investors awaited U.S. economic data that could help guide the Federal Reserve’s interest rate decision next week.   The Fed is expected to cut interest rates by 25 basis points at the end of…

The euro has fallen to a two-month low against the dollar, weighed down by weak economic data that bolstered expectations that the European Central Bank could undertake aggressive monetary policy easing tomorrow. In the euro zone, money markets are pricing in a 54% chance of a 10-basis-point cut at Thursday’s ECB meeting. However, the rate cut is not assured but…

Wrap Up The Canadian dollar weakened to a near one-month low against its U.S. counterpart, as the greenback broadly rallied and as weaker-than-expected domestic data since the end of last week prompted investors to sell the currency. The U.S. dollar index was also boosted against a basket of currencies by a two-year deal between U.S.…

Wrap Up The Canadian dollar weakened to a near two-week low against its U.S. counterpart as domestic data showed a surprise drop in May wholesale trade, supporting the view that the Bank of Canada could cut interest rates this year.   Canadian wholesale trade fell 1.8% in May after five months of gains, Statistics Canada…

Wrap Up The Canadian dollar weakened against its U.S. counterpart , pulling back from a near nine-month high hit earlier in the day, as domestic data showed a surprise decline in May retail sales and the greenback broadly climbed.   The U.S. dollar index rose against a basket of currencies as fears of a larger-than-expected 50-basis-point interest…

Wrap Up The Canadian dollar edged higher against its U.S. counterpart, with the currency recovering from an earlier eight-day low as the greenback was pressured by heightened bets that the Federal Reserve would lower interest rates at the end of July.   The U.S. dollar declined against a basket of major currencies after New York Federal…

Wrap Up The Canadian dollar strengthened against its U.S. counterpart as the greenback broadly fell and domestic data supported the view the economy is recovering after a slow patch at the turn of the year. The U.S. dollar index softened against most major currencies in step with lower U.S. bond yields and expectations the Federal…

Wrap Up The Canadian dollar weakened, after nearing a nine-month high earlier in the day, as oil prices dropped in response to easing tensions between the United States and Iran.   Canadian policy-makers’ current stance come as soft inflation data and global trade disputes have led other central banks including the Federal Reserve to signal…

Wrap Up The Canadian dollar edged lower against its U.S. counterpart, retreating from Friday’s nine-month high, as oil prices were pressured by data showing China’s slowest economic growth in decades.   The modest decline for the loonie came as data from the Canadian Real Estate Association showed that resales of Canadian homes fell 0.2% in…

Wrap Up The Canadian dollar strengthened against its U.S. counterpart, adding to this week’s gains, driven by a less dovish interest rate outlook from the Bank of Canada compared with the Federal Reserve.   Canada’s central bank on Wednesday left its benchmark interest rate steady at 1.75% and made clear it had no intention of…

Wrap Up The Canadian dollar firmed against its U.S. counterpart on Thursday, approaching last week’s eight-month high, as investors focused on the less-dovish policy guidance coming from the Bank of Canada compared with that of the Federal Reserve. The outlook for the U.S. dollar remained grim after Federal Reserve Chair Jerome Powell’s bleak comments on…

Wrap Up The Canadian dollar strengthened against its broadly weaker U.S. counterpart, moving closer to last week’s eight-month high, as the Bank of Canada showed no sign that it would match potential interest rate cuts from the U.S. Federal Reserve.   The BoC left its benchmark interest rate on hold at 1.75% as expected and…

The Bank of Canada held interest rates steady and raised its second-quarter growth forecast as expected while highlighting the risks that trade wars posed to the global economy The central bank which has sat on the sidelines since last October amid an economic slowdown – maintained its key overnight rate at 1.75% and made no…

Wrap Up The Canadian dollar weakened to an eight-day low against its U.S. counterpart as the greenback broadly climbed and investors saw potential for the Bank of Canada to try to slow the currency’s recent rally.   The loonie has been the top-performing G10 currency this year as Canada’s economy showed signs of picking up…

Wrap Up The Canadian dollar edged lower against its U.S. counterpart as the greenback broadly gained, but the loonie held near last week’s eight-month high ahead of an interest rate decision on Wednesday from the Bank of Canada.   The U.S. dollar index hovered at a three-week high against a basket of major currencies as traders…