The Wall Street Journal reports that since last Friday, the loonie has slipped one percent against the U.S. dollar.
The spoken words of the leaders of the central banks of Canada and the U.S. on Wednesday are likely to impact the value of the Canadian dollar, according to published reports.
The monetary unit of Canada on Tuesday lost value against the world’s reserve currency on Tuesday as policy makers with the U.S. Federal Reserve convened for two days of meetings that are poised to include discussion about the future of the monetary stimulus programs to spur the world’s largest economy, Bloomberg reports.
The Canadian dollar was ebbing and flowing on Friday against the world’s reserve currency after the release of tepid economic data and gains for the country’s top commodity, according to published reports.
The Canadian dollar on Thursday climbed in value against the greenback after Australia released uplifting economic data, Bloomberg reports.
Stronger economic data regarding new home construction in Canada prompted the Canadian dollar on Monday to advance against the world’s reserve currency, according to Bloomberg.
Economic data noting Canada’s trade deficit increased in April tugged down the country’s currency on Tuesday, Bloomberg reports.
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.
The Canadian dollar on Friday fell to its lowest value in two months against its southerly rival, Bloomberg reports.