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CAD/USD (CADUSD=X)
| Previous Close | 0.7368 |
| Open | 0.7369 |
| Bid | 0.7349 |
| Day's Range | 0.7342 - 0.7373 |
| 52 Week Range | 0.7173 - 0.7590 |
| Ask | 0.7348 |
FX Empire3 Market Movers to Watch Out For Next Week
As employees return from vacation and the summer season draws to a close, we can expect a gradual increase in trading activity.
FX EmpireGlobal Economy: Soft Landing Reinforces Prospect of Higher-for-longer Interest Rates
A sustained period of higher interest rates will present a challenge for many borrowers worldwide, as economies adapt to a new era of comparatively tight monetary policy amid a recovery in growth and enduring inflation.
Yahoo Finance CanadaWeak loonie? These TSX stocks could gain strength, says RBC
It says Canadian stocks that tend to generate more earnings from the U.S. span the technology, media, financial, healthcare, industrial, and forest product sectors.
FX EmpireOcta’s Review Of Upcoming Central Bank Decisions
Three policy rate decisions over 48 hours will test investors’ interest rate expectations. What will central banks decide next week? Octa analysts share their opinion.
ReutersCanadian dollar pares weekly decline as stocks rally
The Canadian dollar strengthened against its U.S. counterpart on Friday, clawing back much of this week's decline, as an increase in investor risk appetite offset domestic data showing a surprise decline in retail sales. The move higher for the Canadian currency came as the U.S. dollar gave back some of its recent rally against a basket of major currencies and the S&P 500 notched an intraday record high for the first time in two years. Canada is a major producer of commodities, such as oil, so the loonie tends to be sensitive to shifts in risk appetite.
ReutersCanadian dollar gets a 'lifeline' as oil rallies
The Canadian dollar was little changed against its U.S. counterpart on Thursday as oil rallied and investors turned attention to domestic retail sales data, with the currency steadying after it hit a five-week low the day before. On Wednesday, the currency touched its weakest intraday level since Dec. 13 at 1.3541. "The Canadian dollar needed a lifeline from the oil market and finally oil found a bid," said Adam Button, chief currency analyst at ForexLive.
ReutersCanadian dollar hits 5-week low in risk-off trading
The commodity-linked Canadian dollar weakened to a five-week low against its U.S. counterpart on Wednesday as an investor rethink of Federal Reserve interest rate cut prospects contributed to a sell off in riskier assets. Canadian yields for shorter-dated bonds have matched the move higher in U.S. Treasury yields which "suggests to us that it is deteriorating risk conditions in the driving seat for the loonie today," Kyle Chapman, FX markets analyst at Ballinger & Co in London, said in a note. Canada is a major producer of commodities, including oil, so the currency tends to be sensitive to shifts in investor sentiment.
- Investing.com
Scotiabank, ING bearish on Loonie as Canadian dollar loses further ground vs. USD
The Canadian Dollar continued to weaken against its US counterpart today, rising treasury yields, rising risk aversion, and hotter-than-expected retail sales boosted the safe-haven greenback. Low-impact inflation data from Canada also helped assuage some fears after yesterday’s hotter-than-expected core Canadian CPI read. Canada’s Raw Material Price Index fell 4.9% in December, well below the forecast for a 1.6% decline.
ReutersCanadian dollar hits four-week low on U.S. inflation data
The Canadian dollar fell to a four-week low against its broadly stronger U.S. counterpart on Thursday as hotter-than-expected U.S. inflation data cast doubt on prospects of an early start to Federal Reserve interest rate cuts. The loonie was trading 0.3% lower at 1.3415 to the greenback, or 74.54 U.S. cents, after touching its weakest intraday level since Dec. 14 at 1.3442. "With not much in the way of domestic economic news the CAD was left to trade off the U.S. inflation report," said Tony Valente, senior FX dealer at AscendantFX.
- Investing.com
Canadian Dollar Trades in Tight Range vs. USD Ahead of US CPI
The Canadian Dollar traded in a tight range vs. its US counterpart today, as markets await impetus from tomorrow’s US CPI print. The Canadian dollar gained some support from an uptick in risk-sentiment, reflected in equities. "USD-CAD has traded in an extremely narrow range today as traders sit on their hands awaiting tomorrow's key U.S. CPI report for December," noted Michael Goshko, senior market analyst at Convera Canada ULC.
