The Canadian dollar shed early advances late morning Monday as traders look for clarity on whether the U.S. Federal Reserve thinks economic conditions are favourable enough to start easing up on some stimulus.
TORONTO - The Canadian dollar closed higher Friday amid a strong jobs report for May. The loonie was off early highs but still up 0.59 of a cent to 98.06 cents US after Statistics Canada reported that the economy created 95,000 jobs in May, most of ...
TORONTO -- The Canadian dollar surged Thursday as a heavy selloff of the U.S. dollar lifted a variety of currencies. The loonie closed up 0.81 of a cent to 97.47 cents US after earlier surging as high as 98.06 cents US.
The Canadian dollar weakened on Tuesday against the U.S. dollar, as investors retreated into less risky assets following signs that major central banks are easing off on their aggressive economic stimulus policies.
TORONTO - The Canadian dollar was lower Monday amid generally quiet trading as U.S. markets were closed for the Memorial Day holiday and traders looked ahead to the Bank of Canada's next announcement on interest rates.
Video: How much higher can U.S. stocks go? The loonie, as the dollar coin is known in Canada, has lost more than 4 per cent this year, which puts the currency �exactly in the middle of the pack,� said senior economist Benjamin Reitzes of BMO Nesbitt Burns.