Canadian dollar posts third straight monthly decline as economy slows
The Canadian dollar edged higher against its U.S. counterpart on Friday but was still headed for a weekly and monthly decline as domestic gross domestic product data bolstered bets for an outsized interest rate cut from the Bank of Canada in December.
Canadian dollar pares decline after Trump’s tariff pledge shock
The Canadian dollar CADUSD clawed back some of its decline against its U.S. counterpart on Tuesday as investors weighed the likelihood of hefty trade tariffs pledged by U.S. President-elect Donald Trump on Canadian products being implemented.
Canadian Dollar Struggles to Recover Materially Amid Trump Risks
The Canadian dollar edged up but was struggling to recover materially from recent losses, but Monex Europe said it was confident that a slow grind higher for [USD/CAD] was most likely, as markets continued to price in Trump-related risks.
Canadian dollar gains as tariff-threat shock fades
The Canadian dollar extended its recovery from a 4-1/2 year low against its U.S. counterpart on Wednesday as investors bet on Canada avoiding threatened U.S. trade tariffs through negotiation and looked ahead to domestic GDP data.
Canadian dollar gains, moving closer to pre-tariff threat level
The Canadian dollar edged higher against its U.S. counterpart in holiday-thinned trading on Thursday as oil prices rose and investors assessed the chances of Canada avoiding stiff trade tariffs pledged by U.
Canadian dollar falls below 1.4 per USD: GDP growth disappoints
The Canadian dollar weakened past 1.4 per USD, nearing mid-2020 lows due to disappointing GDP growth. In recent weeks, the ...
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Friday, and the yield on benchmark government debt slipped. The loonie ...
Canadian Dollar catches a break from selling pressure on Wednesday
The Canadian Dollar (CAD) caught a much-needed bid on Wednesday, clawing back a sliver of recently-lost ground after the ...
Plummeting Canadian dollar threatens to make Black Friday deals less rewarding
Experts say a sputtering economy, interest rate cuts and the looming Trump presidency are driving down the value of the ...
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Here’s how much gas prices could go up in December as the Canadian dollar drops in value
Fortunately for Ontario drivers, gas prices did not shoot up during American Thanksgiving weekend. In fact, average gas ...
Loonie May Hit Pandemic-Era Lows on Trump Tariff Threat, CIBC Says
The Canadian dollar could fall further if US President-elect Donald Trump’s threat to put 25% tariffs on goods from the ...
Canadian Dollar flattens amid holiday-thinned markets
The Canadian Dollar (CAD) traded thinly on Thursday, sticking to the 1.4000 handle against the Greenback as global markets ...