The plunge in global stock markets over the past week has dragged down the Canadian dollar and oil prices, but some market observers see signs the loonie's fortunes will change this year even as the Canadian dollar continued its slide Monday. The ...
The Canadian dollar edged lower against its U.S. counterpart on Tuesday as investors assessed bets on commodity-linked currencies and weighed gloomy remarks by Canada's chief negotiator at talks to modernize NAFTA.
The release of inflation data is probably the main event in the week ahead for the Canadian Dollar. Inflation affects central bank policy and central banks invariably raise interest rates when inflation rises and vice versa when it falls.
The Canadian dollar slipped on Monday against its U.S. counterpart, lagging the performance of many other major currencies as investors weighed data showing an increase in bullish bets on the currency.