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Canadian Dollar

Canadian dollar strengthens as risk appetite climbs

Canadian dollar strengthens as risk appetite climbs

  • Canadian dollar strengthens 0.4% against the greenback.
  • Loonie trades in a range of 1.2525 to 1.2594.
  • Price of US oil falls 1.8%.
  • Canadian bond yields rise across a steeper curve.
Published 05 Apr, 2021 08:18pm
Canadian dollar forecasts grow more bullish as economy strengthens
World

Canadian dollar forecasts grow more bullish as economy strengthens

*The median forecast of more than 30 strategists was for the Canadian dollar to rise a further 0.6% over the next three months to 1.25 per US dollar, or 80 US cents. * "We expect the Canadian dollar to be a general outperformer among the G10 over the coming year," said Erik Nelson, a currency strategist at Wells Fargo in New York.
Published 01 Apr, 2021 05:15pm
Canadian dollar edges higher as oil prices rise
Markets

Canadian dollar edges higher as oil prices rise

  • The Bank of Canada is seeing evidence of investor activity in some Canadian housing markets and is concerned that "fear of missing out" may also be driving price gains, Deputy Governor Toni Gravelle told Reuters on Tuesday.
Published 25 Mar, 2021 11:23am