The Canadian dollar weakened against most of its major peers Friday after the nation unexpectedly lost jobs last month, bolstering the case the central bank made earlier this week for waiting to raise interest rates.
The Canadian Dollar (CAD) is seen to be rallying against the US dollar, pound, euro and other majors after the Bank of Canada delivers a more hawkish assessment of the economy than many had been predicting.
TORONTO -- The Canadian dollar closed sharply higher Wednesday, benefiting from a major deal that will see American fast food giant Burger King buy Canadian coffee and doughnut chain Tim Hortons for $12.5 billion.
The Canadian dollar continues to post gains, as USD/CAD has dropped below the 1.10 line on Wednesday. The loonie has gained about 150 points this week, recovering most of the losses sustained last week.
Canadian Dollar Forecasts: Lower GBP/CAD Exchange Rate On Canadian Inflation, CDN Up Vs Euro & US Dollar. Posted on 21 Sep at 9 PM 2014 (Updated 21 Sep) by Colin Lawrence - Tags: Euro, US Dollar, Australian Dollar, British Pound, Consumer ...
The Canadian dollar has had a strong week, up about six tenths of a cent with the currency benefiting from a deal that will see American fast food giant Burger King buy Canadian coffee and doughnut chain Tim Hortons for $12.5 billion.