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The Canadian Dollar went from near-zero to hero Friday after the December jobs report appeared to suggest the previous dire reading of the employment situation was just a blip that should remain confined to the rearview mirror, which has come as balm to the interest rate outlook.
January 10,2020
Analysis from Swiss investment bank Credit Suisse shows that the Canadian Dollar is unlikely to receive the support from rising oil prices that might have been the case in the past.
January 8,2020
The Canadian Dollar is at a crossroad from which it could head in either direction although local analysts say this week's price action will be key to the medium-term outlook for the Loonie, which rose against Pound Sterling and most other major rivals Tuesday.
January 7,2020
The Pound-to-Canadian-Dollar rate declined in the opening week of the New Year as the Loonie advanced against all major rivals other than the Japanese Yen, although the outlook for the week ahead sees the exchange rate starting off in neutral ground even though the charts are arguing for further losses.
January 5,2020
The Canadian Dollar put in a chequered performance against major rivals in the final session of 2019 Tuesday but remained the best performing major currency of the year, although analysts at Scotiabank say the Loonie could be running out of road.
December 31,2019
The Canadian Dollar has been humbled this holiday week with prior advances against the U.S. Dollar and Pound Sterling brought to a halt after weakness in the consumer sector helped drive the economy to a surprise October contraction, likely stirring unease at the Bank of Canada (BoC)
December 24,2019
The Canadian Dollar got the better of all its major rivals Wednesday after being aided by a surprise increase in the Bank of Canada's (BoC) preferred measures of inflation but some once-bullish local analysts have said they intend to exit bets on the Loonie ahead of anticipated weakness in 2020.
December 19,2019
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