The loonie got a boost on Thursday after Bank of Canada Governor Stephen Poloz said in a speech the central bank was increasingly confident the economy will need less stimulus over time, although the currency gave up some gains after dovish remarks by ...
The Canadian dollar rallied against its broadly weaker U.S. counterpart on Wednesday after the Federal Reserve raised interest rates, as expected, with investors betting that Canada will benefit from an improved outlook for the U.S.
The Canadian dollar slipped to an 11-day low against its U.S. counterpart on Tuesday as oil prices fell, while the greenback gained against a basket of major currencies ahead of an expected interest rate hike by the Federal Reserve.
The Canadian dollar weakened slightly against a broadly stronger U.S. counterpart on Friday as data showed U.S. job growth increased at a strong clip in November, adding to the loonie's sharpest weekly decline since late October.
The Canadian dollar weakened against its U.S. counterpart on Thursday, adding to losses from the previous session, when the Bank of Canada held interest rates steady and tempered expectations for a hike early next year.
The Canadian dollar pulled back from a six-week high against its broadly firmer U.S. counterpart on Tuesday, as investors weighed a rebound in the country's exports before turning attention to a Bank of Canada interest rate decision on Wednesday.
The Canadian dollar strengthened to a nine-day high against its U.S. counterpart on Wednesday as oil prices climbed and minutes from the Federal Reserve's most recent policy meeting weighed on the greenback.