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Forex: USD/CAD: Loonie is expected to weaken during the first half of 2012 – BMO
December 24, 2011FXstreet.com (Córdoba) – According to analysts at BMO Capital Markets, two forces have influenced… For more information, read our latest forex news. FXstreet.com: Latest News
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Loonie Pulls Back in Currency Trading
August 6, 2011U.S. dollar strengthens in forex trading The loonie is pulling back in currency trading on the FX market today as intervention is the watchword. In Europe, more quantitative easing is being practiced, and Japanese leaders are intervening outright to keep the yen weaker. All of this is helping the U.S. dollar to general strength in [...]
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Canadian Dollar Erases Earlier Losses to Continue Rally
April 29, 2011Loonie in currency trading The Canadian dollar has erased earlier losses, and is heading higher against the U.S. dollar in forex trading. The loonie is looking at multi-year highs in currency trading against the greenback. Earlier, the Canadian dollar had retreated on disappointing economic news. Loonie tumbled as concerns about GDP took center stage. However, [...]
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Higher Oil Prices Help the Loonie in Currency Trading
April 13, 2011Canadian dollar resumes climb against U.S. dollar in forex trading Higher oil prices are helping to support the loonie today in currency trading. One of Canada’s biggest exports (especially to the U.S.) is oil, and the higher prices are bolstering the loonie. With commodities in general rising, pressure on the U.S. dollar is to be [...]
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What Next for the Canadian Dollar?
March 9, 2011Loonie continues to gain strength in forex trading Once again, the Canadian dollar is heading higher against the U.S. dollar in currency trading on the FX market. Indeed, the loonie continues to gain strength in forex trading, leading some to speculate on the nature of the currency’s future. U.S. dollar has once again weakened against [...]
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Canadian Dollar: Parity Vs Reality
December 13, 2010After a stellar 2009, the Canadian Dollar (”Loonie”) has had a relatively lackluster 2010 against the Dollar, rising by only 3-4%. As the Loonie has inched (back) towards parity, it has encountered significant resistance. I think there is reason to believe that the currency has reached its limit, and that there are little prospects for [...]
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Can Loonie Overcome in Currency Trading?
May 21, 2010Canadian dollar forex trading forecast The loonie has moved markedly away from parity with the U.S. dollar in currency trading over the past month. In spite of signs of economic recovery in Canada (and the fact that Canada suffered less than the U.S. from the recession), the loonie can’t seem to make ground in currency [...]
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Canadian Dollar Ready for Another Run at Parity
April 21, 2010Loonie ready to take on greenback in forex trading For the last few days, the Canadian dollar has continued in currency trading to trade near parity with the U.S. dollar. The loonie appears to be gathering itself for another run. The most recent report from the International Monetary Fund on global economic growth in 2010 [...]
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BNN speaks to Kathy Lien, director of currency research, GFT Forex.
March 2, 2010See AlsoOverseas Markets & Loonie Ahead of the BoC AnnouncementKathy Lien speaks on overseas markets & Loonie ahead of the BoC Announcement.
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Canadian Dollar Headed for Parity
January 15, 2010Only a year ago, who could have conceived of such a possibility? At the time, the Canadian Dollar (aka Loonie) was in the doldrums, as a result of the credit crunch and concomitant collapse in commodity prices. In March, however, the Loonie began an extraordinary rally, and finished the year up 16%, almost perfectly offsetting [...]