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Canada’s dollar rose from the weakest this month versus its U.S. counterpart as the discount the nation’s crude oil trades at compared with the American benchmark was at its lowest level in more than three months.
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The Canadian dollar weakened against a majority of its most-traded counterparts as jobs data next week may show a higher unemployment rate for the world’s 11th- biggest economy.
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The Canadian dollar fell to an almost 10-week low versus its U.S. counterpart as the Bank of Canada’s reduced growth forecast and less emphasis on raising interest rates weighed on investor optimism on the economy.
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The Canadian dollar fell against its U.S. counterpart for the first time in three days as global risk appetite declined.
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The Canadian dollar rose against the majority of its most-traded peers before a housing report may indicate the country’s real estate market is headed for a soft landing rather than a crash.
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The Canadian dollar reached a seven- week high versus its U.S. peer as the government approved Cnooc Ltd.’s $15.1 billion takeover bid for Nexen Inc.
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The Canadian currency gained against its U.S. counterpart as better-than-forecast economic data from both countries boosted the appeal of higher-yielding assets.
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The Canadian dollar declined from the strongest level in almost three weeks against its U.S. counterpart amid concern a budget showdown in Washington will derail the economy of Canada’s biggest trade partner.
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The Canadian dollar fell against all but one of its 16 most-traded peers as the Bank of Canada reiterated that borrowing costs may need to rise to prevent inflation from accelerating while keeping its target interest rate unchanged.
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Canada’s dollar declined versus 10 of its 16 most-traded counterparts as the country’s current- account deficit widened to the second-largest on record.
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