Weaker-than-anticipated retail sales prompted the Canadian dollar to continue losing value during the Wednesday trade session, Bloomberg reports.
The Canadian dollar edged down in value on Tuesday against the world’s reserve currency amid speculation that the top banker in the U.S. will signal policy changes when delivering congressional testimony on Wednesday, according to Bloomberg.
Monday saw the English pound climb from its six-week depth against the world’s reserve currency after data noted U.K. home sellers boosted asking prices to record levels, Bloomberg reports.
The Canadian dollar on Friday fell to its lowest value in two months against its southerly rival, Bloomberg reports.
Underwhelming industrial production from U.S. factories last month spurred the Canadian dollar to climb in value on Wednesday, according to Bloomberg.
Monday saw the Canadian dollar advance against most of its counterpart monetary units, prompted higher by the U.S. Commerce Department releasing stronger-than-projected economic data about retail sales last month, Bloomberg reports. After dropping 0.5 percent in March, retail sales gained 0.1 percent in April, the economic data notes. Economic data released by the U.S. impacts… Read more.
The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports. Concerns are growing about the strength of the world's 11th-largest economy. Canada also is a top trade and commerce partner with the U.S. and it might be enduring a rough patch during the recovery… Read more.
The Canadian dollar on Monday climbed against its top peers in the aftermath of the nation's statistics office releasing economic data with stronger-than-forecast building permits issued in March, Bloomberg reports. The nation saw an 8.6 percent increase of permits issued by municipalities, which totals $6.45 billion in Canadian currency. Bloomberg-polled economists forecast a median climb of… Read more.
The Canadian dollar advanced to its top value in about three months on Wednesday against the U.S. dollar, spurred by economic data indicating Canada saw more growth than forecast during the first quarter of the year, according to Bloomberg. With the benefits of a five-day bullish streak, the loonie climbed on Wednesday as a result… Read more.
The Canadian dollar on Friday was hovering against its southerly rival in anticipation of the U.S. releasing gross domestic product data during the final trade session of the week, Bloomberg reports. But the loonie continued en route to weekly gains against the world's reserve currency and one strategist told the news source that expectations were mounting… Read more.