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Canadian Dollar News

Canadian Unit Remains Unchanged as IMF Warns

October 10, 2012 0 Comments
Canadian Unit Remains Unchanged as IMF Warns

The Canadian dollar ended flat on Tuesday against its major counterpart the greenback in reaction to warning of the International Monetary Fund.

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Canadian Dollar Down on Euro Zone Worries

September 26, 2012 0 Comments
Canadian Dollar Down on Euro Zone Worries

The Canadian dollar ended slightly lower versus the US dollar on Tuesday as doubts arose among traders regarding the Spanish bailout package. The stronger Canadian retail sales data couldn’t also manage to have a positive impact and the Canadian unit was overshadowed by the euro zone worries.

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Bank of Canada Sticks to Tightening Bias

September 6, 2012 0 Comments
Bank of Canada Sticks to Tightening Bias

The Canadian dollar declined against the greenback on Wednesday as the investors were keenly looking up to the ECB’s monetary policy decision while the Bank of Canada kept its key interest rate unchanged. However the Central Bank remained in favor of monetary tightening measures.

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Canadian Dollar Outlook for the Week Ending September 7th

September 5, 2012 0 Comments
Canadian Dollar Outlook for the Week Ending September 7th

Major factors to affect the trading of the Canadian dollar and its major rival the greenback for the week ending September 7th, 2012 are as follows: On Monday markets were closed in US due to Labor day while on Tuesday United States came up with data on purchasing managers’ index and construction spending. Institute of […]

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Canadian Dollar Gains Investors Await Monetary Direction

August 28, 2012 0 Comments
Canadian Dollar Gains Investors Await Monetary Direction

The Canadian dollar slightly gained against its major rival the US dollar on Monday as traders were looking for hints for monetary direction ahead of central banks’ meeting. Additional easing measures were expected on wide in the market. The Canadian dollar gained to C$0.9908 or $1.0093 versus the US dollar on Monday as compared to […]

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Canadian Dollar Outlook for the Week Ending August 31st, 2012

August 28, 2012 0 Comments
Canadian Dollar Outlook for the Week Ending August 31st, 2012

Economic events which could affect the trading of the Canadian dollar versus the US dollar for the week ending August 31st, 2012 are as under: On Monday, in United States, Dallas’s Federal Reserve reported its manufacturing activity. Today on Tuesday S&P/Case-Shiller home price index and S&P/Case-Shiller composite 20 index was released in the US. Data […]

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Canadian Dollar Plunges on Rising Spanish Yields

July 25, 2012 0 Comments
Canadian Dollar Plunges on Rising Spanish Yields

Canadian dollar plummeted against the US unit on Tuesday touching its lowest in last two weeks as the yields on Spanish bonds increased while Greece’s euro zone membership status was also under doubts.

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Canadian Dollar Declines on Continuation of Operation Twist

June 21, 2012 0 Comments
Canadian Dollar Declines on Continuation of Operation Twist

Canadian dollar declined on Wednesday versus its main rival the US dollar as the US Federal Reserve decided to continue its stimulus program called “Operation Twist”. The US Federal Reserve increased its “Operation Twist” program by $267 billion in which the central bank sells its short term securities and purchase long term securities to keep […]

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Canadian Dollar Jumps as Central Banks Get Ready to Provide Liquidity

June 15, 2012 0 Comments
Canadian Dollar Jumps as Central Banks Get Ready to Provide Liquidity

The Canadian dollar climbed versus the US dollar on Thursday as G20 officials disclosed that central banks are ready to provide liquidity if needed. It was also indicated that policymakers are ready to provide enough cash flow to stabilize the financial system in case of any turmoil. Chief Canada macro strategist, David Tulk from TD […]

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Canandian Dollar Outlook for the Week Ending June 15th

June 13, 2012 0 Comments
Canandian Dollar Outlook for the Week Ending June 15th

Major factors which could affect the trading of the Canadian dollar and the US dollar for the week ending June 15th, 2012 are as follows: On Monday, In United States, US Federal Reserve’s officials, Lockhart and Williams gave an address on US economy in Chicago and San Francisco respectively while on Tuesday, United States came […]

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